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Competing Opinions Favor Regulation Of Lawsuit Funding, Differ On Interest Rate Cap

Competing Opinions Favor Regulation Of Lawsuit Funding, Differ On Interest Rate Cap

Two separate opinion pieces in the Albany, New York, Times-Union newspaper take up the issue of regulation of litigation funding.  As to regulation generally, they are in agreement that new governance of the business is called for.  But the commentators differ on a key point: one says that an interest rate cap in such deals is necessary, while the other says it would hurt individual claimants. The two pieces are as follows: A November 15, 2018 op-ed, “New York Must…

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