As finance companies that make loans to plaintiffs grow in power and reach, lawyers should advise their clients on the risks involved with borrowing, the ethics committee of the New York City bar association says in a new opinion. “This is a kind of stop, look, and investigate directive,” Seth Schwartz, chairman of the bar’s […]
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.
