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Post by tomcruise07 on Dec 8, 2011 7:44:00 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 7:53:33 GMT -5
This type of financing is typically provided by a hedge fund. The hedge fund may be financially backed by private investors or a bank. The hedge fund is usually comprised of a hedge fund manager, broker relations manager, administrative staff and underwriters. Each person within the fund has a specific responsibility. The hedge fund manager will oversee the day-to-day operations of the fund.
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