Law360, New York (November 18, 2008, 12:00 AM ET) -- Third-party financing of litigation and an increasing acceptance of class action lawsuits in European courts have opened companies there up to litigation risks similar to those in the United States, a major British insurance firm reports.
Third-party litigation funding, where an insurer, wealthy individual or some other group offers to cover at least part of the costs of litigation in return for a cut of the damages payments, is increasingly seen as a safe harbor for investors, said the report, released Tuesday by Lloyd's of London....
3rd-Party Funding Fuels European Litigation Growth
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