Monday, November 15, 2010
Hedge funds and banks lend for mass litigation
Some states have laws trying to curb the practice, but they seem to be ineffective.
The story by Binyamin Applebaum is titled “Borrowing to Sue: Putting Money on Lawsuits, Investors Share in the Payouts”, link (website url) here.
It doesn’t take much imagination to link this to the mass litigation of copyright trolls, including Righthaven, and the US Copyright Group. Curiously, there is a lot of other mass litigation in Nevada over real estate development. The political or legal climate there seems to encourage it.