By Hicbd
Mon Dec 19 2022 11:56 am
"Ever heard of litigation funding? It's a relatively new, multibillion-dollar industry where investors fund lawsuits. Here's the idea: say someone was wronged by a big corporation but has no money to sue it. A litigation funder will pay for their court battle. In essence: they're betting on the lawsuit the way traders bet on stocks. If it's successful – they make money, sometimes a lot of money; if it fails – the funders get nothing – their investment is lost...The beauty of pre-settlement funding is that if you lose, you don't have to pay back anything. But in the ads, it's easy to miss that if you win, you might have to pay a hefty sum."
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