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March 21, 2018

Third Party Funders Admit: “We Make it Harder and More Expensive to Settle Cases”

In a Wall Street Journal story on the litigation finance industry today, Allison Chock, the Chief Investment Officer for third-party litigation giant IMF Bentham, said she understands perfectly well why her industry faces criticism from civil justice groups. “We make it harder and more expensive to settle cases,” she stated.

The story highlights the secretive nature of the litigation finance industry and ILR’s efforts to bring more transparency to it. The story cites ILR consultant John Beisner’s concerns with litigation financing, saying: “If someone is invested in a lawsuit against you, they’ve bought part of the outcome…I think the defendant has a right to know who’s driving this bus in conducting litigation against you.”

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