“These companies make it hard not to sue the city. A finance firm run by [television personality] Bethenny Frankel’s boyfriend is among a host of companies that cost taxpayers millions of dollars a year by encouraging questionable lawsuits against the Big Apple with the promise of quick cash advances.”
That’s the start of a New York Post story about a litigation funding company that has backed many lawsuits against New York City.
The Post quotes a law school professor as saying that “The loan folks are lending money because they think this is an easy mark and the city won’t fight lawsuits.”
And the litigation funding industry is “a business model that could potentially clear the way for bogus claims against the city”, the Post quotes the city’s comptroller as saying.
The article’s – with the headline “Inside The Cottage Industry That’s Fleecing NYC Taxpayers” – is available here.