Unregulated Lawsuit Lending Threatens Fairness and Timeliness in the American Legal System, Urgent Reforms Needed
New York, NY – The American legal system, symbolized by the iconic Lady Justice statue, is intended to be a fair and even playing field. However, the reality is far more complex, with various factors that favor those with power and resources. One of these factors is the rapidly growing lawsuit lending industry, a shadowy and unregulated practice that poses a threat to the equilibrium of the legal system. Third-party litigation funding (TPLF) is more than just a financial aid for disadvantaged plaintiffs – it has evolved into a dubious influence that often dictates the … Read more