Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Draft legislation aimed at reversing a Supreme Court ruling affecting class action financing has garnered support from litigation funders but criticism from consumer advocates. The European litigation funding conference discussed the impact of reversing PACCAR and concerns over potential fee caps. US commercial litigation funders faced challenges in 2023, with a 14% decrease in capital commitment due to financial market trends and difficulty in raising capital for litigation finance.
US litigation funding in 'state of flux' as deal commitments dip, says report https://t.co/2hzQMvocpI https://t.co/MTjIta1xEC
Investors slowed the flow of new money into lawsuits last fiscal year, as it became more difficult to raise capital for litigation finance. https://t.co/eOwNWDFEvR
US commercial litigation funders committed 14% less capital in 2023, according to a new report that said funders were hampered by broader financial market trends. The Daily Docket: https://t.co/T4bf8xgkcy Subscribe: https://t.co/X21zhRp1Rv https://t.co/CEXM5wGjhE
