Government
Mar. 30, 2011
Regulating Third-Party Litigation Dollars
As legislatures across the country take up the issue of third-party financing for lawsuits, California has been slow to the dance. To date, it hasn't entered the debate at all, even as the practice has taken off.
Daily Journal Staff Writer
SACRAMENTO - As legislatures across the nation take up the issue of third-party financing for lawsuits, California remains slow to the dance. To date, the state's lawmakers haven't entered the debate at all, even as the practice has taken off.
The controversy nationwide centers on what levels of interest rates financing companies should be allowed to charge litigants they advance money to, and...
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