June 1, 2011
Litigation Finance: Lend to the Lawyers
BNA reports on Core Funding Group LP v. McIntire, E.D. La., Civ. No. 07-4273, 5/11/11. In this case, the Eastern District of Louisiana Judge upheld an agreement between a mass tort lawyer and a creditor who had loaned the lawyer money to fund his part in a mass tort litigation.
Because the loan was to the lawyer, not the client, and therefore did not promote speculation or invite meddling in the lawsuit. If you have access to BNA you can find the squib here.