Document Type
Article
Publication Date
2012
Abstract
In our classic image of an American lawsuit, including class actions, the plaintiffs lawyer pays the upfront costs and then hopes to recoup them from a share of the winnings. But today, this picture is incomplete. It is no longer only the law firm's own war chest that finances a case – so can outside investors and lenders. As Judge Hellerstein has just reminded us, the 9/11 cases he presided over involved such third-party financing. The Ecuadorian plaintiffs' environmental case against Chevron, now pending in the Southern District of New York, is another prominent example in the news.
Disciplines
Banking and Finance Law | Law | Litigation
Recommended Citation
Bert Huang,
Litigation Finance: What Do Judges Need to Know?,
45
Colum. J. L. & Soc. Probs.
525
(2012).
Available at:
https://scholarship.law.columbia.edu/faculty_scholarship/1123
Comments
Originally published in 45 Columbia Journal of Law & Social Problems 525, 2012.