The U.S. Court of Appeals for the Third Circuit’s recent pronouncement about the inability of district courts to simply abandon an often-disparaged form of litigation funding, known as post-settlement lending agreements, may have come in a limited context, but, according to some observers, the ruling could prove instructive as courts and legislators continue to parse out the judiciary’s role in the emerging world of litigation funding.

Late last month, a unanimous three-judge panel of the Third Circuit ruled that U.S. District Judge Anita Brody of the Eastern District of Pennsylvania, who is overseeing the implementation of the NFL concussion settlement, went beyond the court’s reach when she nullified numerous lending agreements in their entirety.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]