Business Law Section

The Business Law Section furthers the knowledge of its members in the law of the Uniform Commercial Code, banking law, corporate law, partnership law, matters of debtor and creditor relations, and litigation practice related to such law.

Chair
Egerton, McAfee, Armistead &...
P. O. Box 2047
Knoxville, TN 37901-2047
(865)546-0500
Immediate Past Chair
Bass, Berry & Sims PLC
150 Third Ave. S., Suite 2800
Nashville, TN 37201
(615)742-6237
Vice-Chair
Lincoln Memorial University Duncan...
601 W. Summit Hill Dr.
Knoxville, TN 37902
(865)545-5318

Third-Party Litigation Trend Growing

Commercial third-party litigation financing has grown from an uncommon occurrence in the 90’s — estimated at maybe $100 million worth of funding — to a $4 billion industry with at least 30 dedicated funders in 2017, the Memphis Daily News reports. This type of litigation is seen by funders as a way to diversify their investments, but it has drawn criticism from some, who suggest the financing helps “unmeritorious cases" move ahead because it spreads risk across a broad portfolio of litigation. Memphis attorney Lucian Pera offered a counterpoint, noting “Nobody puts $1 million into a $10 million claim if they’re not convinced there’s some merit there.”
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Committees Move Campaign Finance Bill, Asset Forfeiture, Probate Clean Up

Tennessee House and Senate committees both moved forward with legislation that would double the number of campaign finance audits, the Tennessean reports. Also at the legislature, the asset forfeiture bill, as amended in the House, was recommended for adoption in the Senate Judiciary Committee. The TBA-backed probate clean up legislation, sponsored by Sen. John Stevens (R-Huntington), cleared a Senate committee with minor changes.
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