Civil Litigation
Sep. 16, 2016
Litigation financing details remain elusive
There may be more disclosure about litigation financing forthcoming, however, especially in class actions, based on a recent decision by a federal judge in the Northern District of California. By Ferdie F. Franklin
Three core elements in a lawsuit are: facts, law and the financing. Litigants do not always have the wherewithal for financing. Contingency arrangements are one way to allow plaintiffs who otherwise cannot afford to bring a lawsuit to do so by sharing the recovery with the party's lawyer. However, there are other means of financing litigation.
Financing does not have to come from the parties or their lawyers. It is not...
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