Ga. High Court Latest Battleground For Case Funders

Law360 (March 26, 2018, 2:44 PM EDT) -- Is the cash that third-party legal funders front personal injury plaintiffs an "investment" in their cases or a loan? That's the question the Georgia Supreme Court is set to answer in the coming months, and one the funding industry says will make or break the business in the state.

With funder regulations in place in just a handful of states, the outcome of the Georgia case may have an outsized influence on state legislators considering their own rules and future cases alleging violations of usury laws.

If the court does decide such advances fall under payday lending restrictions, "that would effectively...

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