Letter to the Hon. Sen. Orrt (NYS Senate) Regarding Litigation Finance (Lawsuit Lending) (2018)
9 Pages Posted: 27 Aug 2018 Last revised: 6 Oct 2018
Date Written: August 24, 2018
Following testimony to the New York State Senate's Standing Committee on Consumer Protection (available on SSRN and YouTube), Professor Steinitz was asked to elaborate on her recommendation for a statutory minimum recovery requirement to protect consumers of litigation financing. Enclosed is her response to this inquiry.
Keywords: litigation finance, third party litigation funding, consumer protection, tort litigation, access to justice, predatory lending, contingency fees, champerty
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