Also known as ‘Litigation Funding,’ the premise is simple: You want to sue somebody that has a lot of money, and I mean a lot, like a major corporation for example. However, you will need a certain amount of money to begin the legal proceedings. Enter the ‘Third Party.’
They will fund your lawsuit, give you money to sue a company or corporation even though they are not involved in the lawsuit at all.
According to Crunchbase, this means that any company or corporation is fair game and wide out in the open for any frivolous lawsuits with someone backing the plaintiff financially for a return, as in a large percentage of the financial winnings, as in money, if the lawsuit is successful.
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Seems like a very unusual investment plan.
That’s why there are people like litigation attorney Karl Heideck.
Karl Heideck has focused his legal skills on corporate litigation, compliance, and risk management. He is also well versed in product liability and employment law.
Why is Karl Heideck Important?
Because, in one sense, it works both ways.
Companies and corporations can also use lawsuit funding firms and even have an agreement that is slowly turning into a type of insurance against defending their company or corporation against a lawsuit. This allows them to protect the assets of their company as a plaintiff with third-party litigation financing can drag out a lawsuit for years costing a company thousands, or maybe millions, in legal fees.
Karl Heideck, and many others also of considerable standing in the legal profession, are concerned about the vulnerability of companies and corporations as litigation, or lawsuit financing, is now beyond ‘Big Business’ becoming an industry unto itself.
Learn more about Karl Heideck: http://www.wayn.com/profiles/tinkdnuos