Lawsuit loans add new risk for the injured

By Binyamin Appelbaum and Ben Hallman

The business of lending to plaintiffs has blossomed over the past decade, part of a growing trend in which banks and hedge funds seeking unt

Excerpts from this story referencing "LawCash":

"… legal loan-sharking.” Colorado filed suit in December against Oasis and LawCash, two of the largest companies, charging them with violating the state’s …"

"… , that lawsuit lenders are not subject to existing lending laws. Oasis and LawCash have now filed suit against Colorado, asking the court to prevent the stat …"

"… e state Senates in New York and Illinois. Harvey Hirschfeld, a founder of LawCash who keeps binders filled with thank-you notes from borrowers on a shelf in …"

"… ou need it.” High rates, low risk Harvey Hirschfeld is a co-founder of LawCash, a company that lends money to people who want to pursue lawsuits. Credit …"

Betting on Justice: Borrowing to sue

By Binyamin Appelbaum and Ben Hallman

Large banks, hedge funds and private investors hungry for new and lucrative opportunities are bankrolling other people’s lawsuits, pumping h

Excerpts from this story referencing "LawCash":

"… which absorbed Commerce, lends to lawyers and plaintiffs. The founders of LawCash, a Brooklyn lender, won a charter from New York in 2006 to establish Esqui …"