How Wall Street hedge funds turn lawsuits and courtroom verdicts into a billion-dollar asset class.
The courtroom is supposed to be the ultimate theater of blind justice, but behind the scenes, it has quietly transformed into a high-stakes asset class. Welcome to the billion-dollar world of Litigation Finance, where hedge funds and private equity firms bankroll lawsuits in exchange for a massive cut of the final settlement.
This book exposes the hidden financial mechanics of third-party litigation funding. It explains how investors calculate the probability of a jury verdict the same way they analyze a tech stock, turning corporate disputes and class-action lawsuits into tradable commodities. We examine how this injection of capital levels the playing field against corporate giants, but also fuels frivolous litigation and prolongs legal warfare.
Through unprecedented access to funding agreements and risk-assessment algorithms, we reveal the ethical landmines of allowing Wall Street to bet on the legal system.
Understand the invisible money dictating the law. A fascinating look at the absolute commodification of right and wrong.
Richard S. Kelly
Author
litigation finance alternative investments hedge funds lawsuits legal economics corporate justice third party funding financial mechanics