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Litigation

: Cash Flow Solutions Blog

Lawsuit Advances in securities lawsuits

By David Austin and Barry Goldberg

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From Bloomberg I read today about a securities lawsuit in Australia that is funded by a litigation financier.  What makes this interesting is it is basically a class action of sorts.  It appears to be a collection of shareholders suing over failing to disclose debt obligations.

Not your typical lawsuit advance.  Most involve smaller lawsuits and involve payments directly to injured people or to lawfirms for financing the costs of pursuing a lawsuit.

Source:  Bloomberg

Full post as published by Cash Flow Solutions Blog on March 30, 2008 (boomark / email).

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