Just the idea of litigation finance makes some people uncomfortable. To them, it's a distortion of the justice system when wealthy people or businesses profit by bankrolling a lawsuit.
But the truth of how litigation finance actually works on a day-to-day basis is much more mundane, according to Bloomberg Law reporter Emily Siegel. She says most litigation financiers get involved in mass torts, not in cases where the defendants are individuals or small businesses.
Siegel joins our podcast, On The Merits, along with her colleague Beth Wang, who's reporting on new proposed rules in New York that would regulate litigation finance disclosures. Wang says these rules are so narrowly tailored they would only apply in a very small number of situations.
Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
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