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

Billing clients interest fees on lawyer loans legal, but uncommon

In 2002, the New York state bar association said attorneys financing a lawsuit with borrowed money may pass the interest costs onto their cl

Excerpts from this story referencing "Lawyer":

"… e, before I became a judge.”Borrowing expensive, disclosure rules unclearLawyers borrow because litigation is expensive and the length of time between pay …"

Lawyer group to examine ethical pitfalls raised in Center’s “Betting on Justice”

The American Bar Association says it is studying whether third-party investment in lawsuits, in the form of loans to lawyers or financing ar

Excerpts from this story referencing "Lawyer":

"… equire an attorney to disclose details about a case that may be privileged.Lawyers who direct clients to a financing company so that clients can borrow mone …"

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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 "Lawyer":

"… er. By the time she won $169,125 in 2003, the lenders were owed $221,000. Lawyers are not required to tell clients that they have borrowed money, so the cl …"

"… passed out after inhaling smoke at a house fire and was forced to retire. Lawyers led by Napoli Bern Ripka sued the City of New York and a host of agencies …"

The end of Lehman, part 3

By Ben Hallman

In Parts 1 and 2 of this series, Michael Hudson wrote about how Lehman was a leader in turning what had been a backwater market for subprime

Excerpts from this story referencing "Lawyer":

"… team of investigators for a story for the September issue of The American Lawyer magazine. It was the first time they have spoken publically about the inve …"

Big banks sued over credit card protection programs

In 2008, Anna Trachtenberg, a 53-year-old unemployed Pennsylvania homemaker, enrolled in a payment protection service for her credit card fr
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SEC watchdog investigates “revolving door” policy

Washington white collar defense lawyers are buzzing about an investigation launched by the Securities and Exchange Commission’s internal wat

Excerpts from this story referencing "Lawyer":

"… a private firm and a hefty raise after a few years of government service. Lawyers like George Curtis, who was deputy director of enforcement until he left …"

Credit rating agencies most worried about liability

It’s go time on Capitol Hill for financial reform legislation, and the credit rating agencies are breathing a sigh of relief....

Retailers accuse AmEx of antitrust breach as battle over debit card cap heats up

Retailers in a long-running lawsuit against American Express Co. over charge card swipe fees are now accusing the card giant of violating an

Reform reading: What will Barney's replacement do?

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law....

Excerpts from this story referencing "Lawyer":

"… f rules to carry out the Dodd-Frank law, MarketWatch’s Ronald Orol says. Lawyer Dan Crowley told him that a Republican chairman of the House Financial Ser …"

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