Increasing litigation costs have led to the creation of a unique investment vehicle that allows private parties to invest in litigation for a percentage of a potential monetary award.
Proponents argue this financing levels the playing field for economically disadvantaged plaintiffs and equalizes access to justice.
Opponents counter that the practice gives funders inappropriate influence and control over litigation thereby burdening our civil justice system.
This Congressional Civil Justice Academy briefing featured:
Geoff Wyatt, Partner, Skadden, Arps, Slate, Meagher & Flom, LLP
Jon Molot, Professor of Law, Georgetown University Law Center
Moderator: D. Bruce Johnsen, Professor of Law, George Mason University Antonin Scalia Law School
Listen to the recordings below to hear our panel of experts discussed the evolution of third-party litigation funding and what the future may hold for this unique investment vehicle.
See below for photos from the event!