Overview of Alternative Litigation Financing in the United States – May 17, 2010, Steven Garber: “Provides an overview of U.S. alternative or ‘third-party’ financing: describes the main types of financing, reviews arguments to limit this activity, begins to analyze its effects on litigation, and suggests lessons for policymakers.”
Alternative Litigation Financing in the United States: Issues, Knowns, and Unknowns – May 17, 2010, Steven Garber: “Alternative litigation financing (ALF) also known as third-party litigation financing refers to provision of capital by parties other than plaintiffs, defendants, their lawyers, or defendants’ insurers to support litigation-related activity. This paper provides an overview of policy issues related to the legal ethics, social morality, and, especially, potential economic effects of ALF. It provides a snapshot of the only three segments of the ALF industry that appear to be fairly active as of early 2010, all of which provide support to plaintiffs or their lawyers. It offers lessons for policymakers, emphasizing distinctions that are often under appreciated in discussions of ALF. The paper concludes by suggesting that, for the next five to ten years, policymakers might best limit themselves to interventions that do not fundamentally interfere with the potential for increased competition to solve what appear to be important information problems that may limit the contributions of ALF to national economic performance.”
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