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The controversial lawsuit financing industry has survived its first known appellate-level challenge in Florida. But the court criticized the business as "one-sided" and called on the Legislature to consider regulating the industry. Litigation financing companies, many run by lawyers, provide money to personal injury plaintiffs, then collect an often hefty fee plus the principal if the plaintiff wins a verdict or settlement. The appeals court found it had "no authority to regulate these agreements."
September 20, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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