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 ...