The American Bar Association says it is studying whether third-party investment in lawsuits, in the form of loans to lawyers or financing arrangements with their clients, may run afoul of ethical rules governing attorney conduct. In November, the Center for Public Integrity in collaboration with The New York Times reported that borrowed money, funneled from […]
Category: Betting on Justice
Large banks, hedge funds and private investors hungry for new and lucrative investments are bankrolling other people’s lawsuits, pumping hundreds of millions of dollars into medical malpractice claims, divorce battles and mass suits against pharmaceutical companies — all in the hope of sharing in the potential winnings.
