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In May, Acting Assistant Attorney General and Head of the Criminal Division in the Department of Justice (DOJ) Matthew R. Galeotti announced areas of focus and a new approach to self-disclosure: no longer would there be a presumption of declination if companies voluntarily disclosed misconduct.

Opponents of commercial litigation funding routinely invoke the supposed “$16 billion” size of the industry as a bogeyman to justify special-purpose, punitive regulation, relying on a cherry-picked assets under management (AUM) figure to dramatically overstate the industry’s footprint and portray it as a major asset class.

Monday, August 4, the State of New Jersey announced a landmark settlement with DuPont and related companies (“DuPont Defendants”) valued at more than $2 billion, the largest environmental recovery for a single State – and one of the top-20 largest settlements of any kind – in U.S. history.

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