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 "Oasis":

"… lass-action lawsuit against the drug’s maker, so he borrowed $9,150 from Oasis Legal Finance, pledging to repay the Illinois company from his winnings. …"

"… ed an initial settlement payment of $27,000, just 18 months later, he owed Oasis almost the entire sum: $23,588. Ernesto Kho had pressing needs of his own …"

"… “It is legal loan-sharking.” Colorado filed suit in December against Oasis and LawCash, two of the largest companies, charging them with violating th …"

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