PointofLaw.com
 Subscribe Subscribe   Find us on Twitter Follow POL on Twitter  
   
 
   

 

 

The "litigation finance" industry



Businesses which specialize in lending money to plaintiffs, the returns to be paid out of their lawsuit winnings, survived an appellate-level challenge in Florida. "But the state's 2nd District Court of Appeal criticized the business as 'one-sided' and called on the Legislature to consider regulating the industry." Legal Ethics Forum has more and cites the ABA's Model Rule 1.8(e), which "sets out the traditional doctrine that lending money to the plaintiff is an improper form of purchasing influence over the plaintiff." See OL Apr. 5, 2005, Oct. 25, 2003, Aug. 4, 2003, Dec. 3, 2001, and (Australia) Aug. 5, 2005.

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.