Investing In Lawsuits Beats the Street

guga31bb sends word on the next wave of investment in a slow market: bankrolling others' lawsuits. The practice sounds on the face of it indistinguishable from champerty. "Juris typically invests $500,000 to $3 million in a case, Mr. Desser said. He would not identify the company's backers, but said that 'on the portfolio as a whole, our returns are well in excess of 20 percent per year.' He added, 'We're certainly beating the market.'"

Comments

returns are well in excess of 20 percent per year

[ionix5891]

well if that doesnt ring any alarm bells!

  maybe we should introduce Bernake to these people :D

Re:Unethical, but not illegal

[lordandmaker]

It's funny, I've never heard it this way round before.

Fmylife.com of the times

[Anonymous Coward]

http://en.wikipedia.org/wiki/Swynfen_will_case

Got promised 1.3mil to win a case, the first case I've run. Had sex with the hot beneficiary. Won the case. Didn't get paid. She married someone else and sued me for misconduct. My life sucks.