Tuesday, December 11, 2007
This article in the thelawyer.com tells that story of UK firms that are looking to obtain funding for litigation through hedge funds. (H/t Drug and Device Blog). This development is of a piece, it seems to me, with the proposal to develop class actions in the UK and Europe. It poses interesting questions about the extent to which quasi-private ex post regulation should be encouraged in society and raises the concern of the separation of ownership from control of lawsuits that has been the focus of so many judicial opinions and class action scholarship.