Businesses that would be affected are called third-party litigation funders (TPLF) and provide money up-front to plaintiffs lawyers in exchange for a percentage of whatever is recovered in court.

The legislation, which will set a 25% cap on a third-party consumer litigation financing company's gross recovery from a lawsuit, had been eight years in the works. Explore the entire Law.com network.

New York's spiraling liability lawsuit culture is contributing to our affordability crisis. We have to fix both.

When an accident upends a life, it’s the insurers who help people get back on their feet. It’s our job to be there for folks on their worst days and to keep things affordable otherwise. But lately, ...

The MarketWatch News Department was not involved in the creation of this content. Leading lawsuit funding company says recent retaliation, sex harassment, whistleblower, and discrimination lawsuits ...

Landmark Legislation Culminates 20 Years of Regulatory Evolution and Validates Consumer Litigation Funding—Now Known as "Lit Fin"—in the World's Financial Capital Often misunderstood as lawsuit loans ...

Essex County award highlights customer satisfaction, brand reputation, and service excellence. NEWARK, N.J., Dec. 11, 2025 /PRNewswire/ -- Legal-Bay LLC, the Pre-Settlement Funding Company, announced ...

A law firm that won the first plaintiff verdict in thousands of lawsuits tying Johnson & Johnson's talc-based baby powder to cancer is suing its litigation funders, alleging that the lenders deceived ...

Overall, there is a need for a patient approach and an understanding of the long-term impacts and risks of rushed settlements.