Third party litigation financing is a secretive and manipulative practice that is taking advantage of injured people and turning our courts into a money-making machine for investors and trial lawyers. This hidden trend allows private investors with no ties to the injured person to invest in claims and lawsuits for their own profit.
Because these financers redirect money away from the injured party and to themselves, they sometimes leave the injured with less, little, or no funds, when they are the ones who need it most.
This unregulated and secretive practice allows investors – even foreign firms and countries– to profit off of the American court system. In many cases, these financers charge injured people very high-interest rates – some well over 100%.
With families and businesses facing hardships from the COVID-19 crisis and increasing inflation, reigning in third party litigation financing abuse is critical to speeding America’s recovery.
If you aren’t okay paying higher premiums to bankroll private investors and trial lawyers, please join us in the fight to keep costs low by entering your email to the right for regular updates and ways you can take action to demand your representatives fight for your interests.