Third party litigation funding (TPLF) is a multibillion-euro global industry that allows hedge funds and other financiers to invest in lawsuits in exchange for a cut of any settlement or award. The industry operates in the shadows, meaning that no one knows who has invested in a lawsuit.
The European Parliament is considering a series of safeguards for the industry to operate in the EU. A new survey conducted by European polling firm WorldThinks found that most European Union consumers want safeguards if third party litigation funding is allowed.
This episode of Cause for Action dives into WorldThinks’ recent survey about the burgeoning EU lawsuit finance industry. This episode was hosted by ILR Senior Vice President for International Affairs Scévole de Cazotte and featured Cordelia Hay, an associate partner at WorldThinks. Scévole and Cordelia look at how the survey was conducted and the results.