Companies who have been wronged by a supplier or other business partner often face hard choices when it comes to deciding whether to pursue redress for the wrongs they suffer. The money companies invest defending themselves against lawsuits can leave their legal budgets depleted, and the costs and uncertainties of bringing what is sometimes considered to be “elective” litigation make bringing plaintiff-side cases difficult even when the claims are strong and success is likely.
Litigation funders are emerging as vital partners for companies in such circumstances, with the resources they provide affording funded parties significant leverage in commercial disputes. Here are five ways that companies can put financing to work:
