Perspective
Feb. 28, 2011
Finding New Alternatives to Litigation Financing
More investors than ever are turning to the potential for huge returns from consumer litigation and mass torts. By Brian S. Kabateck and Karen Liao of Kabateck Brown Kellner.
Recently the New York Times reported that Counsel Financial, a Buffalo company financed by Citigroup, invested $35 million for lawsuits brought by Ground Zero workers, hoping for a big chunk of any potential settlement or jury award. The lawsuit ultimately settled for $712.5 million. And the lenders earned about $11 million on their investment. Counsel Financial's investment is part of a larger trend of third party ...
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