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This startup just got $114 million to help people get ‘a better deal from the justice system’ by finding investors for their lawsuits

This startup just got $114 million to help people get ‘a better deal from the justice system’ by finding investors for their lawsuits

Read more on Business Insider

Contributions

  • While I love the fact that folks will get legal financing, there could be many unexpected consequences. Courts will be more clogged, people may need to continue raising cash, and there is no way to know if cases or the people involved are trustworthy. I’m a hard pass on this model.

  • This seems like another game where the rich play with the lives of the poor. Is no system incorruptible??

  • This really isn’t New at all. Perhaps Thiel brought mainstream attention to the practice, but he hardly invented the practice. It’s global, not just in the US. It’s simply a high risk alternative asset class and it sounds like Mighty has built tech to offer risk mitigation which begs lots of questions

    This really isn’t New at all. Perhaps Thiel brought mainstream attention to the practice, but he hardly invented the practice. It’s global, not just in the US. It’s simply a high risk alternative asset class and it sounds like Mighty has built tech to offer risk mitigation which begs lots of questions. With more transparency now perhaps the benefits or costs to the legal system will be clearer.

  • What this article doesn’t say clearly is that litigation funds support the offensive side of litigation. There is no financial incentives to supporting a defendant. It’s this imbalance that cause most defendants to settle. It’s not always the big corporations that are on the defense. Sometimes it’s the

    What this article doesn’t say clearly is that litigation funds support the offensive side of litigation. There is no financial incentives to supporting a defendant. It’s this imbalance that cause most defendants to settle. It’s not always the big corporations that are on the defense. Sometimes it’s the little guy who is the target of harassment counter suits from the big guys.

  • Since this kind of strategy isn't correlated to market volatility and economic activity, investors looking to diversify their portfolios may want to take a closer look. This also may even the playing field for smaller parties who choose not to pursue litigation against a big corporation even when they

    Since this kind of strategy isn't correlated to market volatility and economic activity, investors looking to diversify their portfolios may want to take a closer look. This also may even the playing field for smaller parties who choose not to pursue litigation against a big corporation even when they think they can win because they know the corporation will drag out litigation to bankrupt them in the process.

  • Take a look at Burford ( BUR LN ). Now the worlds biggest public litigation finance company with a $3bn market cap having been a ten bagger for investors so far. One thing of which I am certain is litigation for finance is here to stay and a mainstream industry.