This Litigation Funder Has Loaned Money To a Growing List of Troubled Firms
When Philadelphia-based Sacks Weston declared bankruptcy in August, it became the latest firm to do business with Virage Capital and then hit the skids.
October 05, 2023 at 12:06 PM
11 minute read
Litigation FundingThe original version of this story was published on The American Lawyer
Litigation funding isn't a business for the faint of heart. But Houston-based funder Virage Capital Management's record since its 2013 launch shows a particularly close relationship to risk: Its lending is part of the story in at least four notable law firm collapses, three of which have also involved firm attorneys who've been charged or investigated by regulators over misappropriating funds.
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