{"id":8504,"date":"2013-04-08T12:00:52","date_gmt":"2013-04-08T16:00:52","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=8504"},"modified":"2013-04-08T06:54:24","modified_gmt":"2013-04-08T10:54:24","slug":"a-market-for-lawsuits","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2013\/a-market-for-lawsuits\/","title":{"rendered":"A Market For Lawsuits"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/04\/040713_1616_AMarketForL1.jpg\" width=\"640\" height=\"426\" \/><\/p>\n<p>Do you have a potential lawsuit where you&#8217;re reasonably sure that you can sue for damages, but don&#8217;t have the time or resources to pursue? You can sell it writes The Economist:<\/p>\n<ul>\n<li>Litigation firms are specializing in pursuing lawsuits that those who have been wronged aren&#8217;t able to pursue.<\/li>\n<li>They take up the legal costs and prosecution and in return get between 30%-60% of the final payout (if any).<\/li>\n<li>For firms in the industry the problem isn&#8217;t finding promising cases. Instead it is the slow moving nature of the courts. Profits can be erratic because they depend upon the legal system delivering its decisions in a timely manner.<\/li>\n<li>At the moment demand is greater than supply. It&#8217;s worth $1 billion today\u2026and is expected to grow rapidly.<\/li>\n<\/ul>\n<p>Read more about leading industry players, why somebody might sell off their lawsuit, and ethical considerations over <a href=\"http:\/\/www.economist.com\/news\/finance-and-economics\/21575805-fat-returns-those-who-help-companies-take-legal-action-second-hand-suits\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.economist.com\/news\/finance-and-economics\/21575805-fat-returns-those-who-help-companies-take-legal-action-second-hand-suits\">The Economist<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you have a potential lawsuit where you&#8217;re reasonably sure that you can sue for damages, but don&#8217;t have the time or resources to pursue? You can sell it writes The Economist: Litigation firms are specializing in pursuing lawsuits that those who have been wronged aren&#8217;t able to pursue. They take up the legal costs [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/04\/040713_1616_AMarketForL1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/8504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=8504"}],"version-history":[{"count":2,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/8504\/revisions"}],"predecessor-version":[{"id":8510,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/8504\/revisions\/8510"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/8503"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=8504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=8504"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=8504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}