Litigation Finance Co. Launches With Defense-Side Focus

Law360, New York (April 8, 2013, 12:05 AM EDT) -- A new player in the third-party litigation finance industry says it has raised over $100 million in three months and is ready to put cash behind cases for the defense side as well as the plaintiffs, a twist on the usual model but one they expect will still turn healthy profits.

The Chicago-based firm, Gerchen Keller Capital LLC, officially opens Monday. The firm's four principals, which includes former hedge funders, firm attorneys and a onetime general counsel, closed an initial round of fundraising on April 1, and have already committed to backing their first case.

While that initial investment was a...

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