Wake Up Call: Litigation Funding Draws Wealthy Big Investors, And Controversy

• Litigation funding is rapidly emerging as an “alternative asset class” for endowment funds, family offices, and other wealthy investors attracted by big returns. The sector is booming in Australia and the United Kingdom, but it remains controversial in the United States. Critics including the U.S. Chamber of Commerce say it spurs more lawsuits and lacks transparency over where the money comes from. ( BloombergLaw ) ( Market Watch ) ( New York Law Journal )

• Chicago-based litigation funder Longford Capital said it closed a $67 million portfolio investment with a “leading litigation law firm,” which it did not identify. ( ...