Hylton on Third-Party Funding of Litigation

Keith Hylton (Boston University) has posted to SSRN Towards a Regulatory Framework for Third-Party Litigation Funding.  The abstract provides:

Because third-party funding and sales of legal rights are equivalent in terms of their economics, I examine arrangements in which third-party sales of legal rights are permitted today – waiver, subrogation, and settlement agreements. The existing arrangements provide valuable lessons for the appropriate regulatory approach to third-party financing of litigation.

--CJR