Blog Archives
Survey Tracks the Evolution of Litigation Finance
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Date: Jul 4 2022
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The popularity of third-party legal funding has increased exponentially in recent years. A new survey from Above the Law underscores this rapid growth. …
Litigation Finance Turns Justice into a Financial Asset
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Date: Jul 4 2022
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We’re all familiar with the phrase ‘equal justice under the law.’ Yet some would say the accuracy of that statement is debatable. Meanwhile, litigation funding, a practice developed specifically to increase access to justice, is sometimes painted as a way of exploiting lawsuits for financial gain….
Calls to Regulate Consumer Legal Funding
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Date: Jul 4 2022
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A recent opinion piece on Consumer Legal Funding pulls no punches in its condemnation of the industry. Its author, Kirsten John Foy, refers to being a “victim” of “predatory practices” of third-party funders. Foy utilized the services of a third-party funder after a violent police assault led to his hospitalization. To cover his living expenses…
Litigation Funding Misconceptions
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Date: Jul 4 2022
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According to a Bloomberg survey, 88% of lawyers believe that third-party legal funding increases access to justice. Noted legal scholar Maya Steinitz describes the practice as the most important development in civil justice in this generation….
Steinhoff Settlement Gives Investors Big Win
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Date: Jul 4 2022
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After three years of diligent negotiations, a GBP 1.4 billion settlement went into effect against Steinhoff International Holdings NV. This represents the second-largest settlement against a European company in a securities fraud case….
Litigation Insurance is Not Just for Plaintiffs Anymore
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Date: Jul 4 2022
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Industry norms suggest that in commercial disputes, litigation insurance for defendants is not part of the equation. Usually, it’s claimants who make use of this type of after-the-event insurance. But why does this perception persist?…
Does Legal Funding Generate Frivolous Lawsuits? Experts Say No
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Date: Jul 4 2022
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One of the most common assertions from Litigation Finance naysayers is that access to funding to pursue cases will result in frivolous lawsuits that lack merit. Claims that such filings will clog court dockets, especially at a time when delays relating to COVID are abound, continue to be rampant. But are they accurate? The second…
Legal Funding Looks Toward Interim Finance for Bankrupt Firms
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Date: Jul 4 2022
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Resolution professionals are increasingly turning to third-party legal funders in order to provide operating capital until liquidation is complete, or a new owner reorganizes the company….
Galactic Pulls Out of Hog’s Breath, Priceline Class Actions
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Date: Jul 4 2022
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Levitt Robinson, class action lawyers leading the cases against Priceline and Hog’s Breath, estimate that it will take over $8 million to continue the Priceline case. The case is now in jeopardy, as funder Galactic Litigation Partners has pulled its financing….
Politician Alleges “Lawsuit Abuse” Against Consumer Legal Funders
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Date: Jul 4 2022
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Is there “lawsuit abuse” happening in Iowa and elsewhere? If so, is Consumer Legal Funding to blame? One former trucker and current Iowa state senator alleges exactly that—and Governor Kim Reynolds is on board. Several bills are in the works to limit award sizes and prevent litigation funders from increasing access to justice for those…
