Karl Heideck – Views On Litigation Financing

Karl Heideck's vews on litigation financingKarl Heideck is a Philadelphia based Attorney specializing in litigation, compliance and risk management. He obtained his JD from Temple University Beasley School of Law in 2009.

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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