Lawsuit Loans a Growing Trend

By Jack Simony

Canadian officials have seen a rise in litigation financing, especially in personal injury cases.

The Globe and Mail reports a major reason is because credit card companies are denying people large lines of credit to finance these types of cases.

The newspaper profiled one man who after being turned down by his credit card company after an accident, decided to go the litigation finance route. His initial investment of $50,000 paid off in the form of a $500,000 settlement.

– By Jack Simony

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About Jack Simony

Jack Simony is a hedge fund portfolio manager from New York City. More information and a full biography can be found by visiting http://www.jacksimony.org.
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