News: Investors Put Money on Lawsuits to Get Payouts

From the New York Times

By BINYAMIN APPELBAUM

Published: November 14, 2010

Large banks, hedge funds and private investors hungry for new and lucrative opportunities are bankrolling other people’s lawsuits, pumping hundreds of millions of dollars into medical malpractice claims, divorce battles and class actions against corporations — all in the hope of sharing in the potential winnings. 

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For commentary on Legal Ethics Forum, click here.

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