In the recent New York Times Magazine article, Sunday, October 25, 2015, “Trial By Money,” the author, Mattathias Schwartz, suggests that litigation finance may warp the legal system. This, of course, depends on who’s legal system he is talking about — the wealthy corporation with hoards of shareholder cash to throw at lawsuits or the underdog smaller guy with little or no financial resources. In most cases lawsuit financing is a matter of the David and Goliath paradigm where a start-up company or personal injury victim would never get through the front doors to the courtroom without lawsuit funding.
Warping the System or Leveling the Playing Field
The New York Times article suggests that investors into lawsuit funding which advance money to litigants may be warping the legal system. In reality, however, most lawsuit funding adds a secondary and objective level of scrutiny over the merits of a claim before they invest into it. No lawsuit financing company or investor will invest into a meritless claim because then the investment is lost. Take for example, a small bio-tech company whose only asset is its intellectual property rights to their discovery. Such a small start-up company doesn’t have shareholder money to defend themselves against aggressive or predatory business practices of larger companies.
Similarly, the victim of medical malpractice who needs to hire medical experts, the victims of drunk drivers who may need to hire accident re constructionist, and the list goes on — from mass torts of generations of dangerous products that have killed thousands of people, like tobacco and burdened the healthcare system.
Lance Lawsuit Funding looks over each case it funds and makes a determination of whether the case is meritorious. Once we decide to invest into a case the investment is repaid only if there is a settlement of favorable verdict. For example, if the smaller bio-tech start-up company is successful against its claim against the pharmaceutical giant for patent infringement then, and only then is Lance Lawsuit Funding repaid the case investment.
Or the victim of a devastating and life changing accident, whether it be a construction accident, car accident, motorcycle accident, a dangerous product or medical malpractice, all need cash to hire experts and pay bills while waiting for settlements.
Lawsuit finance arose out of the need to level the playing field and open the doors to the courtroom for the little guy against the large corporations and insurance companies funded by shareholder money.
Lance Lawsuit Funding invests into medical malpractice cases, pedestrian accident cases and personal injury cases. We have helped people under severe financial strain when they have no other place to turn for help. This is because with lawsuit funding there is no employment or credit check. The money advanced is based solely on the case. Similarly, in providing lawsuit financing to that small company — the lawsuit funds are based on the merits of its claim.
Lance Lawsuit Funding levels the playing field and provides much needed cash to people with personal injury cases who are working with lawyer. For more information visit our website www.Lancelawsuitfunding.com or give us a call 201-266-6871.