Billion-Dollar Battlegrounds: The Rising Tide of Litigation Funding in Mass Tort Cases
New York — Litigation finance, once a niche aspect of legal industry, has burgeoned into a prominent force as it intersects with mass tort cases, involving numerous plaintiffs and claims of substantial harm caused by defendants. Significant lawsuits, running into billions of dollars, are now increasingly underwritten by third-party financiers, marking a pivotal evolution in how legal battles are fought and funded. This emerging trend has changed the landscape for major litigation, particularly in cases against pharmaceutical giants, manufacturers of toxic chemicals, and other sectors where damages claimed run into the multi-millions. Typically, investors provide … Read more