Fortress Dominates Litigation Finance—With Money and Intensity

Oct. 17, 2024, 8:03 PM UTC

Fortress Investment Group has powered its way to the top of the litigation funding industry. It has committed $6.6 billion to legal assets, and another $2.9 billion to intellectual property. But beyond the money, the secret to the firm’s success may be its intensity and attention to detail.

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Bloomberg Law litigation finance reporter Emily Siegel sat down for almost three hours with two Fortress executives: Jack Neumark, managing partner and co-CIO, and Eran Zur, head of intellectual property. They discussed the firm’s litigation finance activities in depth for the first time. Siegel also sifted through UCC filings to uncover where some of that money goes.

On this episode of our podcast, On The Merits, Siegel details what she learned about this secretive company, who they work with, and how Zur’s article nearly ten years ago about patent trolls keeps coming back to haunt him.

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To contact the reporter on this story: Jessie Kokrda Kamens in Washington at jkamens@bloomberglaw.com

To contact the editors responsible for this story: Bernie Kohn at bkohn@bloomberglaw.com; Andrew Satter at asatter@bloombergindustry.com

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