A new crowdfunding platform aimed at financing lawsuits is banking on the notion that mainstream investors will want to cash in on the growth of third-party litigation funding.
LexShares Inc.—part Kickstarter, part online brokerage—launched Wednesday in lower Manhattan with the aim of luring investors, commercial plaintiffs, and plaintiffs firms to its online marketplace. There, according to a demonstration offered to the Litigation Daily, accredited investors will be able to shop among individual cases and contribute as little as $2,500 in hopes of reaping an eventual profit when a matter settles or produces a favorable judgment.
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