US EditionThird-party litigation reform pursued in 10 states
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Third-party litigation reform pursued in 10 states
This year, about half of all states have at least considered legislation that addresses concern about third-party litigation financing. The legal term is used to describe instances when litigation financiers pay for lawsuits they feel have a good chance of being won. In return, investors receive a portion of an award or settlement. In many cases, the practice makes reaching a reasonable agreement more difficult because of the anonymous third par…
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