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Monday, May 08, 2023 2:04:02 PM
In my haste I must of misunderstood one of the posts from last Monday that someone had found on PACER via disclosure that Linda and Les sold a portion of the claim — apparently that’s not the case; some of those comments have been been quashed, so that makes me wonder?
That said, litigation financing would be a great idea to provide bridge funding going forward. And Linda and Les are well aware of this as an alternative to the lazy penny stock financiers approach, especially to meet payroll — lots of hungry mouths to feed, including the orphans at Advent. And the food truck isn’t big enough for us all!
General Description of Litigation Funding:
Litigation funding offers law firms and commercial plaintiffs access to the capital they need without the risk of repayment if the case is lost. This non-recourse financing is used by law firms to offer contingency fee arrangements to clients without taking on the risk and expense of a loan from a bank. Litigation funding…..takes a unique approach to provide commercial plaintiffs and law firms with the bridge capital necessary to continue focusing on their business, cultivating client relationships and covering operating costs.
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