Tom Corrigan profiles litigation finance in the Wall Street Journal
28th Jul 2015
Corrigan’s article profiles the expanding litigation finance market:
“Funder-backed litigation has become increasingly common because the rewards can be lucrative, but the risks are substantial, too. An unfavorable ruling can leave investors with nothing.
Critics say the practice could give outside investors too much influence over legal decisions and increase the number of frivolous lawsuits that go forward, driving up the overall cost of litigation.
“In any area that it operates, litigation financing distorts justice by injecting the profit motive into litigation and putting investors’ interests ahead of the plaintiffs’,” Lisa Rickard, president of the U.S. Chamber Institute for Legal Reform, said in a statement Monday.”
More at the Wall Street Journal.