Uncorrelated Niche: Litigation Finance
Panel entitled, "Uncorrelated Niche: Litigation Finance." Panelists include: Michael Weisz, YieldStreet; Harvey Hirschfeld, LawCash; Moderator: Mercedes Tunstall, Pillsbury. Recorded at LendIt USA 2017. The panel explores consumer litigation funding also known as pre-settlement funding, non-recourse funding or lawsuit lending; provides funding to plaintiffs who commonly have a personal injury case; money is used for life needs such as rent, mortgage, tuition, food etc. and is not a loan; LawCash has provided funding for around 100,000 cases and has been in operation since 2000; YieldStreet is an investment platform for investors to access these types of investments; other topics discussed are how litigation funding is uncorrelated, how deals are underwritten, transparency of companies in the industry and the evolution of litigation finance.