Law & Economics Center

Congressional Civil Justice Caucus Academy Briefing on Third-Party Financing of Litigation: A Point/Counterpoint Policy Discussion

Event Date: Friday, October 26 to Friday, October 26, 2012

Location: Rayburn House Office Building Room 2226, Washington, DC

Program Description:  Third-party financing of litigation is the practice of an outside individual or organization providing funding for a potential or ongoing lawsuit. This investor is not a party to the lawsuit, and defines repayment terms as a condition to funding the suit. Repayment to the investor is generally done out of any recovery from the lawsuit. If there is no recovery, the plaintiff generally need not repay the loan. Supporters contend third-party financing increases access to the civil justice system, while others argue that the practice injects a stranger in the attorney-client relationship and encourages frivolous lawsuits.  

Discussants

Jeremy Kidd is Assistant Professor of Law at the Mercer University Walter F. George School of Law. He graduated in 2007 with honors from George Mason University School of Law and holds a Ph.D. in economics from Utah State University.  He has practiced as a real estate associate with Ballard Spahr Andrews & Ingersoll in Washington, D.C. and later as a litigation associate with Strong & Hanni in Salt Lake City, Utah. He clerked for the Honorable Ted Stewart on the U.S. District Court for the District of Utah and the Honorable Alice Batchelder, Chief Judge of the U.S. Court of Appeals for the Sixth Circuit.

Anthony Sebok is Adjunct Professor of Law at Fordham University School of a Law. Professor Sebok specializes in tort law and legal philosophy. His current scholarship has been focused in the area of punitive damages and the role that our liability system plays in resolving political disputes.  He has lectured widely on tort law and he is frequently quoted by the national media on timely legal issues. Professor Sebok is a regular columnist for Findlaw, a popular legal web site. He holds a Ph.D. in politics from Princeton University and he was Law Clerk to Chief Judge Edward N. Cahn of the United States District Court for the Eastern District of Pennsylvania before joining the faculty in 1992.

Overview

 

 

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