{"id":8390,"date":"2012-05-02T13:32:24","date_gmt":"2012-05-02T17:32:24","guid":{"rendered":"http:\/\/sidebarforplaintiffs.naomifein.net\/?p=8390"},"modified":"2015-10-22T18:01:46","modified_gmt":"2015-10-22T22:01:46","slug":"investing-in-lawsuits-a-strange-idea","status":"publish","type":"post","link":"https:\/\/sidebarforplaintiffs.naomifein.net\/?p=8390","title":{"rendered":"Investing in lawsuits? A strange idea"},"content":{"rendered":"

From yesterday’s Times<\/em>, a Deal Book<\/strong> article about, well, let me quote one sentence:<\/p>\n

...[T]o Wall Street, lengthy litigation is a growing investment opportunity.<\/a><\/em><\/p>\n

Yes, folks, it seems that there are now investment firms specializing in lawsuits. Talk about<\/p>\n

Once considered taboo in the legal profession, the practice of litigation finance is enticing more corporate lawyers to become investors, bankrolling lawsuits in exchange for a piece of the potential winnings.<\/em><\/p>\n

Gee whiz. Apparently a lawsuit which will evidently win a lot of money for one side is a good investment.<\/p>\n

Why does this sound to me like three discreditable practices? First, murky securities packaged and re-packaged and re-re-packaged into glumps, an enticing investment; second, companies that advance money to plaintiffs before the lawsuit ends, providing that the plaintiff hands over an obscene percentage of any final settlement; and third, those dreadful companies advertising “It’s your money,” and why shouldn’t you use it? Meaning, the company will break a beneficial annuity you might choose to put your settlement monies into, take a clump and give you the rest\u00a0\u2014 “rest” being a lot less than you’d get if you kept your money in that annuity to begin with.<\/p>\n

However, just in the interests of research, I invite any company that wants a piece of my two lawsuits, both of which I will win, to give me a call.<\/p>\n

I think this is such a ditzy idea, take a look at the whole article and why not call some of the companies named in the article? Ask them if they’d invest in your<\/em> lawsuit. And do let me know what happens.<\/p>\n","protected":false},"excerpt":{"rendered":"

From yesterday’s Times, a Deal Book article about, well, let me quote one sentence: …[T]o Wall Street, lengthy litigation is a growing investment opportunity. Yes, folks, it seems that there are now investment firms specializing in lawsuits. Talk about Once … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[337],"tags":[],"class_list":["post-8390","post","type-post","status-publish","format-standard","hentry","category-legal-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t