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More Attorneys Exploring Third-Party Litigation Funding
After taking hold in Australia and the U.K., third-party litigation is starting to gather steam in the United States. Until recently, the U.S. focus was on consumer disputes like personal injury claims -- but the newer phenomenon has seen the emergence of investors who finance commercial claims that companies bring against each other. Still, the practice of allowing outside investors into lawsuits is not without its critics. The U.S. Chamber of Commerce has called for a ban on third-party litigation financing at all levels.Third-party Litigation Funding Begins to Take Off
Lawyers like Jonathan Petrus see the U.S. as a market ripe for investment, particularly on the defense side.View more book results for the query "Burford Capital"
Even though objecting investors followed a novel "topping" proposal suggested by Delaware vice-chancellor J. Travis Laster, the judge rejected the deal because of the involvement of litigation financing firm Burford Capital.
Litigation Financing Becoming a Useful Tool for In-House Counsel
Litigation can be a risky, costly undertaking for any company. Caught between the expense of outside representation and the hard budgetary line drawn by a CFO is the chief legal officer, who must balance the merits of a case against the available resources.Homeless Feeders Banned From Pa. Courthouse Lot
Groups that volunteer to feed homeless people in Pennsylvania's state capital are being banned from lots near the county courthouse and administration building because of complaints about public urination, defecation and other problems.Growth of Third-Party Litigation Finance Touches Off Ethics Dialogue
Commercial litigators agree that third-party litigation financing, in which a private entity invests in high-dollar commercial lawsuits in exchange for a share of the recovery, is on the rise. What they can't agree on is to what extent these arrangements raise ethical concerns and if so, what measures should be put into place to maintain the integrity of the attorney-client relationship and the goals of the dispute.Another litigation finance firm opens its doors
Three prominent lawyers and a hedge-fund manager have launched Gerchen Keller Capital LLC, a Chicago-based litigation financing company with $100 million in capital.A Buyer's Guide to Law Firm Software
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