Debunking Critics Of 3rd-Party Litigation Funding

Law360, New York (September 30, 2010, 1:00 PM EDT) -- The growing practice of third-party litigation financing, in which investors take a stake in lawsuits in exchange for a cut of any damages award or settlement, it is not without its critics. However, some legal experts say the downsides may actually be overemphasized and that in certain cases it may be beneficial to consider obtaining outside investments.

Some of the most vocal recent criticism of the practice came in October 2009, when the U.S. Chamber Institute for Legal Reform issued a report asserting that third-party litigation...
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