Behind the Scenes: How Private Equity is Powering Class Action Lawsuits in Consumer Markets
New York — Beneath the surface of America’s legal landscape, a less-visible financial engine is driving many of today’s high-profile class action lawsuits, particularly those involving product liability. This burgeoning sector, known as private equity, has been stealthily investing in litigation, which has been profoundly changing the dynamics of how legal claims are pursued in the United States. Historically, funding for such lawsuits typically came from the plaintiffs themselves or their attorneys, working on a contingency basis. However, in recent times, private equity firms have begun to see litigation funding as a lucrative investment opportunity. … Read more