Bloomberg Law
Feb. 3, 2020, 1:17 PM

Making Millions Betting on Lawsuits—How Litigation Finance Works

Bruce Kaufman
Bruce Kaufman

Litigation finance has become a multi-billion-dollar industry that is drawing the attention of the country’s largest law firms. In a new video, Bloomberg Law’s Roy Strom explains how the business of betting on lawsuits has grown and what speed bumps are in its path.

Questions: The industry still has its skeptics. They argue that investors’ interests in lawsuits should be disclosed and they raise fears that the moneyed interests behind a case will exert control over a plaintiff’s decisions.

Answers: “Some level of disclosure will certainly become part of the regulatory landscape in the coming years,” Maya Steinitz, a University ...

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