A boutique law firm lost its role in a proposed class action against a set of private universities accused of suppressing financial aid offerings, after a federal judge said the firm misled the court on a litigation financing arrangement.
Gilbert Litigators and Counselors’ litigation financing and terms weren’t problematic on their own, said Judge Matthew F. Kennelly of the US District Court for the Northern District of Illinois in a 62-page Tuesday order. And federal and local rules in Chicago don’t require firms to disclose litigation financing.
“But making untruthful and misleading statements about it is a different matter,” the ...