Litigation Financing & Structured Settlement Buyouts
As the litigation funding business grows in popularity, it becomes apparent that new issues will arise in terms of how to deal with the rights to collect on settlements and judgments. In that vein, here's an interesting newspaper article describing two federal appellate decisions relating to problems with a company that buys out structured settlements that is said to buyout settlements without following state law rules that require judicial approval of such buyouts. One wonders if all litigation funding agreements are structured to avoid the problem.
