fbpx
News
July 28, 2015

ILR’s Lisa Rickard Warns About Spread of Third-Party Litigation Finance to Bankruptcy

“Investors in the growing field of funder-backed litigation, which finances business disputes in exchange for a cut of the proceeds, are eyeing bankruptcy court as a potentially lucrative new venue,” reports the Wall Street Journal‘s Tom Corrigan.

Chilmark Partners, a bankruptcy and restructuring firm, and litigation funder Burford Capital “will team up to finance and advise on legal disputes arising out of U.S. bankruptcy cases.”

ILR President Lisa A. Rickard issued a stark warning.

“In any area that it operates, litigation financing distorts justice by injecting the profit motive into litigation and putting investors’ interests ahead of the plaintiffs’,” Rickard told the Journal.

Read the full story here.

Delaware General Assembly Blog Delaware Wants to Take a Closer Look at the TPLF Industry   Third Party Litigation Funding (TPLF) Blog European Parliament Legal Affairs Committee Adopts TPLF Legislative Initiative Report International Initiatives, Third Party Litigation Funding (TPLF) Welcome to Delaware Sign Blog Another Federal Court Now Requires Disclosure of Third Party Litigation Funding Third Party Litigation Funding (TPLF) litigation funders, beach scene Blog Sun, Sea, but no Sand(box) for Florida Lawsuit Investors Lawsuit Lending, Third Party Litigation Funding (TPLF) Blog Third Party Litigation Funding: Buying Trouble Across the Globe International Initiatives, Third Party Litigation Funding (TPLF)

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings