Finance Firm Offers Millions To Strapped Clients With IP Gold

Law360, New York (November 28, 2005, 12:00 AM EST) -- Capitalizing on the proliferation of lawsuits over intellectual property, a new litigation financing company is offering patent attorneys and hopeful patent-holding plaintiffs up to $10 million in loans to supercharge their cases in court.

Demonstrating the buying power of solid patents, Wingspan LLC claims it will only seek reimbursement from its clients if they win at a trial or receive a settlement. Clients will then pay Wingspan up to 75% of the amount borrowed, depending on the case.

Traditional lenders require personal guarantees and hard assets...
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