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February 7, 2017

Lawsuit Loans Put Victims Last, Vendors First in Alabama

Lawsuit lenders are “lurking behind the scenes” in Alabama court cases writes ILR President Lisa Rickard and William Canary, CEO of the Business Council of Alabama, in an opinion piece for The Gadsden Times.

“The lawsuit lending industry has been distorting Alabama’s civil justice system, turning it into a casino rigged in favor of these litigation investors,” writes Rickard and Canary. “Not only does lawsuit lending corrupt the legal system, it also harms consumers by eating into their recovery in litigation.”

The authors conclude that Alabama has shown “tremendous progress” in improving its legal climate, now it is time for the legislature to take “yet another positive step forward” and support restraints on lawsuit lending.

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