In covering the litigation funding “cottage” industry, the New York Post this week did not only report on how “Litigation Funders ‘Make It Hard Not To Sue’ The City” (Secondary Insurance Market Blog post available here). The Post also published two other news stories and an editorial on litigation funding.
In one news article, the Post the reported that “Litigation-financing firm LawCash’s eagerness to expand its operations in Florida led the company to get scammed out of nearly $100,000 by a woman employed by a Harley-riding lawyer, court papers claim.” See “Firms Eager Expansion Made It Target For $100K Scam: Court Docs”, available here.
In another story, “LawCash Execs Showering Schneiderman With Campaign Contributions” (available here), the Post reported that, “[e]xecs at a Brooklyn-based finance firm that fronts people cash against potential legal settlements have been spreading their own money around in Albany — with state Attorney General Eric Schneiderman reaping the lion’s share, records show.”
And in an editorial (“Crack Down On New York’s Legal Sharks”, available here), the Post says “[u]ntil elected officials start standing up to the legal sharks, they’ll keep bleeding the public while pretending to do good.”