|Loans to civil lawsuits in the U.S.
||[Mar. 9th, 2011|10:41 pm]
Lewis & Clark Law School
The big banks, hedge funds and private investors in the U.S. who are looking for new promising investment projects, have discovered a new way to earn money. Investing hundreds of millions of dollars in funding of civil suits, they run a great risk, however, they can win much more than in more traditional areas for investment. Attorney Online understands the positive features of this system and what risks proclaim its opponents. Loans are often the catalyst for the large and resonant litigations, especially when in such areas as medical malpractice, divorces and class actions against large corporations.The total investment into trials in the U.S. since 1990 amounted $ 1 billion. System of crediting trials has become one of important trends of risky investments at high interest rates. |
LawFinance Group founder Alan Zimmerman was a practicing lawyer, while in 1992 he moved to California. And there he he borrowed $ 30,000 dollars to a woman who won the case of sexual harassment by her employer, but faced with an appeal of the employer. Lady did not have funds to continue the process, but after the loan employer immediately gave up and did not challenge the court decision. Zimmerman eventually earned $ 20,000. Then the idea to make this practice his business occurred him.