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Post by tomcruise07 on Dec 8, 2011 7:43:30 GMT -5
Lawsuit funding is a financial vehicle provided to a plaintiff against a pending or already settled lawsuit. If the plaintiff loses their case and doesn't recover damages in their suit, they don't have to repay the lender. If the lawsuit settles the plaintiff will be legally obligated to repay the lender the principle of the advance plus interest.
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Post by russell007 on Dec 8, 2011 7:53:17 GMT -5
The hedge fund manager will oversee the day-to-day operations of the fund. They are responsible in making the final decision on which cases they will invest in. The broker relations manager will be the point of contact for consultants that send clients the fund. The administrative staff will collect documentation and be the point of contact with the attorney. The underwriter will review the cases and determine which cases should be funded.
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