Investing in lawsuits

[mfyahya]

http://www.nytimes.com/2009/06/03/bu...gewanted=print

It’s always a good time to invest in litigation,” Mr. Fields said, though he added that the weak economy helped. “When the recession started to bite, the phones started ringing off the hook. Last year, we looked at 122 cases and we made 17 investments.” A small but growing number of investors are exploring this idea, helping companies avoid some of the risks and costs of litigation in exchange for part of any money paid out when the case is settled or resolved by a court. After all, it can be costly to hire lawyers, who may charge close to $1,000 an hour at the most elite firms.

There's far too much litigation in the US. Reminds me of this quote, I read a while back:
'It does not matter to F1 if there is no Grand Prix in the US. 'What do we get from America? Aggravation, that's about all. If you say 'Good Morning' over there and it's five past 12, you end up with a lawsuit,' Ecclestone told Friday's edition of The Times. - Bernie Ecclestone

[flintlock]

Re: Investing in lawsuits

In my opinion, its(lawsuits) just about ruined the US single handed. Makes everything more expensive, stifles innovation. While pondering a job change, I actually come up with business ideas, but most I shoot down due to legal risks.

[kingcopper]

Re: Investing in lawsuits

I've got an old acquaintance who has been signing unsuspecting auto accident victims up for a scheme that involves dripping the insurance company of the $10,000 in PIP(personal injury protection)

The scheme involves devious attorneys and physicians who own and operate pain clinics where the victim gets therapy and a little cash in exchange for future rights to most of a settlement. The attorneys and physicians don't ever lose because the $10,000 in PIP covers ALL expenses including their own salaries! Settlement money is just pure profit.

It certainly looks like the end is near! cash for gold, easy check cashing stores and now...CRASH CASH!:eek: