Litigation & Arbitration
Aug. 12, 2024
The rise of third party litigation funding: What you need to know
TPLF is appealing because it is stable compared to the stock market. However, concerns include inconsistent discoverability, potential for frivolous lawsuits, attorney-client relationship issues, and effects on settlements.
What do the Hulk Hogan/Gawker Media and Underwood /Huy Fong (Sriracha Hot Sauce) litigations have in common? Both received financing from a third party funder (TPF). In the former, it was PayPal cofounder and early Facebook-backer Peter Thiel; in the latter, it was Burford. Third party litigation financing (TPLF) is becoming more and more commonplace. It is estimated that there are $15.2 billion in commercial litigation investments in the United States alone. See U.S. Chamber of Commerce I...
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