Credit: Watchara Ritjan/Shutterstock.com Litigation Finance: Plaintiffs and Defendants Need to Understand It
Funding gives plaintiffs a way to share risk, defray the high costs of litigation, hire the best counsel, and take cases all the way to trial if desired, say Laina Hammond, an investment manager and head of the Houston office at Validity Finance, and Sarah Williams, a portfolio counsel at Validity Finance.
March 24, 2021 at 05:57 PM
3 minute read
Credit: Watchara Ritjan/Shutterstock.com
The winter storm that assaulted Texas last month was unprecedented, forcing nearly 4 million Texans to go without power while temperatures plunged to the single-digits. When the power came back on, the destruction to lives and property was widespread, causing several adjusters to compare the event to a major hurricane hitting every major town in Texas on the same day.
As a result of the storm, there was an immediate and significant uptick in demand for funding from companies of all sizes in general, but particularly in the energy space, say Laina Hammond, an investment manager and head of the Houston office at Validity Finance, and Sarah Williams, a portfolio counsel at Validity Finance.
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