Juridica Investments Limited, one of two publicly traded commercial litigation funding companies operating in the United States, doesn’t like to talk about the cases in which it invests. But details of one investment have become public, thanks to a racketeering complaint filed against Juridica in Houston federal district court by S&T Oil Equipment and Machinery Ltd. in February. The suit, which appears headed for arbitration, offers a rare glimpse into the kinds of tensions that can develop between a litigation finance – backed client and the litigation funder. Perhaps not surprisingly, one knotty issue is what information a funder is allowed to see without compromising attorney-client privilege or the independence of lawyers handling the case.
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