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November 9, 2015

Litigation Finance, Mass Torts, and Turning ‘Clients into Commodities’

“AkinMears is nothing more than a glorified claims processing center, where the numbers are huge, the clients commodities, and the paydays, when they come, stratospheric,” wrote Amir Shenaq in his $4 million breach-of-contract lawsuit against plaintiffs’ firm AkinMears.

Shenaq claims he earned the money by arranging “financing that would allow AkinMears to quietly acquire thousands of cases at a discount.”

ILR President Lisa A. Rickard said the revelations show how “litigation financing perverts the justice system and puts the interests of lawyers and financiers ahead of actual plaintiffs.”

Read the full story here

  • Related: “The plaintiffs themselves were traded like pork bellies on a commodities exchange.” (60 Plus Association)
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