Third-Party Litigation Financing News
May 21, 2013
Claims Journal | May 21, 2013
Though third party litigation funding has just started to grab headlines in the U.S., the funding method has been used in Europe for some time.
May 17, 2013
American Lawyer | Subscription Required | May 17, 2013
BlackRobe Capital may have been backed by plenty of high-profile legal talent, but it turns out that wasn't enough to keep the litigation funding firm afloat. On Tuesday The Wall Street Journal reported that BlackRobe is no more, less than two years after we first reported its arrival on the litigation funding scene.
May 15, 2013
Wall Street Journal | Subscription Required | May 15, 2013
The founders of BlackRobe Capital Partners LLC are walking away from the litigation-finance firm, citing internal disagreements and a failure to attract enough outside capital from investors.
May 14, 2013
Louisiana Record | May 14, 2013
A bill that would have put caps on what detractors call the “predatory lending” practices of lawsuit lenders was defeated in a Louisiana House of Representatives’ committee.
May 1, 2013
Louisiana Record | May 1, 2013
A bill that would place limits on the amount of interest companies specializing in legal loans that are offered to plaintiffs before settlements are final has passed the State Senate 39-1.
Daily Comet | May 1, 2013
Beware: A new breed of predator is lurking in Louisiana’s legal waters preying upon consumers and our courts for its own financial gain. Much like a shark drawn to a feeding frenzy by the smell of blood, lawsuit lenders prey on people when they are at their weakest, such as someone who is injured in an accident and struggling to pay medical bills or put food on the table.
April 30, 2013
ThomsonReuters | April 30, 2013
On Friday, the law firm lender LFG National Capital filed a complaint in federal district court in San Francisco against antitrust plaintiffs' lawyer Joseph Alioto and his firm, The Alioto Law Firm.
April 29, 2013
Wall Street Journal | Subscription Required | April 29, 2013
The legal equivalent of the payday loan is coming under political pressure. Lawmakers in a number of states are debating whether to put new limits on the burgeoning business of lending money to people involved in lawsuits and collecting when the suits pay out.
April 26, 2013
Australian Financial Review | Subscription Required | April 26, 2013
The corporate regulator has issued new guidelines warning about conflicts of interest between law firms and litigations funders in an effort to better protect people who take part in major litigation, such as class actions.
April 22, 2013
Fox Business News | April 22, 2013
Your credit card bill already comes attached to alluringly blank "convenience checks." Your tax preparer tempts you to apply for tax refund loans. You're bombarded with television commercials for payday loans. Now, a relative newcomer to this list of "fast cash" borrowing enticements is beginning to hit critical mass and it suddenly is attracting a high degree of attention from state legislatures. It is called a "lawsuit loan" or, if you are in that business, "lawsuit funding."
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From The Blog
Today, the Colorado Court of Appeals ruled unanimously that lawsuit lenders cannot duck the state’s consumer lending...
The Oklahoma House of Representatives passed a bill (SB 1016) Wednesday to curb lawsuit lending abuses that will now...