ABSTRACT
Litigant Third-Party Funding (LTPF), where financial companies advance money on a non-recourse basis to individual plaintiffs, is a growing and increasingly controversial industry in the US. This funding made headlines during the NFL concussion litigation with more than 1,000 players reported to have received such advances and with class counsel raising concerns of ‘predatory lending’ with the Court. Policymakers and scholars echo these concerns as they call for regulation of the industry to protect vulnerable consumers. Any regulations, however, should be based on systematic data rather than good intentions or isolated anecdotes. But to date there has been almost no empirical research on the actual practices of the industry. This Article begins to fill that void …
Avraham, Ronen and Baker, Lynn A and Sebok, Anthony J, The Anatomy of Consumer Legal Funding (August 10, 2020).
First posted 2020-08-17 03:50:08
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