fbpx
Civil Plaintiff

Litigation Financing Agreements Affirmed by NY Appellate Court

The New York Appellate Division of the Supreme Court, First Department recently confirmed the legality of properly structured litigation financing agreements. In Cash4Cases, Inc. v. Brunetti, 90 N.Y.S.3d 154, 155 (1st Dep’t 2018), the defendant, appealing from the grant of summary judgment in favor of plaintiff Cash4Cases, Inc., which was seeking to enforce the agreement pursuant to which it purchased an interest in the defendant’s personal injury litigation, argued that the agreement was usurious and unconscionable given the excessive interest rate. However, the appellate court unanimously affirmed the Supreme Court’s judgment in favor of …

Read the source article at Lexology

    Leave a Review or Comment

    Your email address will not be published. Required fields are marked *

    Back to top button
    Close
    Close