Curiam in the Press.

On June 3, 2020, the Minnesota Supreme Court abolished, under Minnesota law, the common law doctrine that champertous agreements are unenforceable. This is an important decision for the litigation funding industry, and the Court’s opinion highlighted certain benefits of litigation funding.   Champerty is defined as “an agreement to divide litigation proceeds between the owner […]

The New York City Bar Association, one of the nation’s most influential legal associations with 24,000 members, created a working group in January 2019 to study litigation funding. The forming of this working group was important as the New York City Bar Association had previously issued a controversial non-binding opinion stating that litigation finance could […]