A friend of mine, who until recently was in the medical marijuana business, tells me there is a daily newsletter he and his colleagues all subscribe to. They need it because developments in the field are constant, fluid and rapid. I think there should be a similar publication for litigation financing.

In recent weeks I’ve read stories about and decisions rendered in cases in Georgia, Illinois, New Jersey, Minnesota and several circuit courts of appeal on matters related to lit financing. Issues have included public policy, the enforceability of lenders’ liens against settlements, lawyers’ ethical obligations to lenders when their cases settle, whether the presence of third-party financing is discoverable, and a host of other fun stuff. I saw that one state is actually considering legislation mandating the disclosure of the details of funding arrangements in all litigation matters. And the New York Times just did its second article on how litigation financing is driving certain personal injury cases, from abdominal mesh to city fall downs. It’s enough to fill a daily newsletter easy.

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