Bloomberg Law
Aug. 2, 2019, 1:51 PM UTC

Lenny Dykstra Turns to Litigation Finance Firm to Press Claims

Miles Weiss
Miles Weiss
Bloomberg News

First he went bankrupt. Now he’s getting bankrolled.

Lenny Dykstra, the ex-baseball star who lost his fortune through a combination of heavy spending and failed business ventures during the financial crisis, has tapped Legalist Inc., a litigation finance firm, to fund a pair of lawsuits he’s pressing, according to a May 31 regulatory filing.

The former outfielder known as “Nails” is finding backing for his court fights from the growing litigation finance industry, in which investors help fund lawsuits in exchange for a share of settlements and awards. While most financing goes to commercial cases with tens of millions ...

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