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Posted On: 12/20/2018 10:08:54 AM
Post# of 82687
I based my comment on this and my own experience with patent litigation:
https://www.nolo.com/legal-encyclopedia/pros-...loans.html
Not All Cases Qualify for a Lawsuit Loan
Because the lending company is taking a substantial risk, it only lends when it is confident that you will win or settle your case. If you lose, you won’t have to pay the loan back. If you win less than the lending company expected, you may not have to repay the entire amount. Therefore, the lender will want to ensure that your case is likely to pay off handsomely. Because lawsuit lenders are picky about the cases they accept, plaintiffs often report having to apply to five or six different companies before they find one interested in funding their case.
Litigation financing is a new asset class to be invested in
https://www.marketwatch.com/story/in-low-yiel...2018-08-17
https://www.nolo.com/legal-encyclopedia/pros-...loans.html
Not All Cases Qualify for a Lawsuit Loan
Because the lending company is taking a substantial risk, it only lends when it is confident that you will win or settle your case. If you lose, you won’t have to pay the loan back. If you win less than the lending company expected, you may not have to repay the entire amount. Therefore, the lender will want to ensure that your case is likely to pay off handsomely. Because lawsuit lenders are picky about the cases they accept, plaintiffs often report having to apply to five or six different companies before they find one interested in funding their case.
Litigation financing is a new asset class to be invested in
https://www.marketwatch.com/story/in-low-yiel...2018-08-17
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