Mr. Heideck makes some good points on litigation financing, which he described as a “growing market” that is “a means to ensure that companies are covered [financially] in the event of a lawsuit.” Put another way, litigation financing provides the money that may otherwise not be there in times that lawyers are need.
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Mr. Karl Heideck is correct in implying litigation financing is useful. Unless it harms the populace, then having it as an option can only be a good thing. Of course, some may argue against the merits of encouraging litigation. However, if in principle a person has a right to sue, then in principle there’s nothing wrong in financing this litigation.
Which brings us to a main point in Mr. Heideck’s article, namely that litigation financiers usually seek a claim of at least $2 million U.S. Dollars; like most forms of financing, litigation financing favors the rich, if one assumes a claim of at least $2 million makes one “rich.” Mr. Heideck himself states that, “each funding office is tailored to either small or large claims . . . Litigation financiers move their focus on to corporate businesses which are largely self-sustaining[.]”
Overall, Mr. Heideck brings attention to an often overlooked service, which can provide access to litigation services that otherwise would be unattainable or at least more difficult to attain.
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