Toward a Regulatory Framework for Third-Party Funding of Litigation
Keith N. Hylton
William Fairfield Warren Distinguished Professor, Boston University; Professor of Law, Boston University School of Law
July 9, 2013
Boston Univ. School of Law, Law and Economics Research Paper No. 13-27
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.
Number of Pages in PDF File: 17
Keywords: third-party funding, sales of legal rights, waiver, subrogation, settlement, economics of legal rights
JEL Classification: K00, K13, K39, K41, K49working papers series
Date posted: June 23, 2013 ; Last revised: July 9, 2013
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