Law Professor: “Lawsuit Lenders are Like Sharks to Shipwrecks”
A law professor at Roger Williams University School of Law said “lawsuit lenders are like sharks to shipwrecks” who “capitaliz[e] on tragedy” in a response to a defense of the industry in Crain’s New York Business.
Professor Jenna Wims Hashway, who wrote Litigation Loansharks: A History of Litigation Lending and a Proposal to Bring Litigation Advances Within the Protection of Usury Laws, pushed back on an argument that said plaintiffs would be hurt by lawsuit lending regulation. She said it isn’t regulation, but “the usurious, extortionate rates of interest charged by this unregulated industry that hurt consumers the most.”
The lawsuit lending industry has been the subject of intense media scrutiny after reports of abuses in the New York Times and New York Post. Professor Hashway called it “low-risk, usurious profiteering, directed at vulnerable consumers.
In case you missed it: Specialized business courts like the Delaware Court of Chancery can be an important addition to a state’s economic foundation. These courts quickly and expertly handle complex business litigation, freeing up other courts to handle other types of cases. Read and share: bit.ly/3y7zwnI
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Much has been written about Elon Musk—eccentric billionaire, CEO of some of the most innovative companies in the world and… future owner of Twitter? While the nuances of this deal are daily fodder...The federal judge who supervises multidistrict opioid litigation had ordered a certain percentage of future opioid settlements to be set aside for plaintiffs’ lawyers who have similar cases outside the MDL, diverting more settlement money away from the victims. Read & share: bit.ly/3NqcDQP
Multidistrict Opioid Litigation Continues to Enrich Plantiffs' Lawyers
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Multidistrict opioid litigation is once again being used to the advantage of plaintiffs’ lawyers. This very serious issue requires a victims-first approach, not a plaintiffs’-lawyer-payday-first a...A month passed before Harris County courts brought in 18-year-old Corey Hodges, who violated his bond conditions 37 times. Crime Stoppers’ Andy Kahan blames the initial judge's lack of enforcement on his first bond violation back in 2015. Read and share: bit.ly/3A6vLjC
18-year-old charged with murder, aggravated assault violates bond conditions at least 37 times
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HARRIS COUNTY, Texas – 18-year-old Corey Hodge could be a poster guy for Breaking Bond. “This is clearly you are breaking your bond conditions,” said Andy Kahan with Crime Stoppers. On April 17,...
TLR is working to make the Texas legal system fair, efficient, and accessible for all. Learn more: #tortreform #stoplawsuitabuse
About - Texans for Lawsuit Reform
TLR's objective is to restore litigation to its traditional and appropriate role in our society. A lawsuit takes a heavy emotional and financial toll ...
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#ICYMI: Certain business courts like the Delaware Court of Chancery can be an important addition to a state’s economic foundation. These courts quickly & expertly handle complex business litigation freeing up other courts to handle other cases. Read & RT:
Making Business Our Business
Much has been written about Elon Musk—eccentric billionaire, CEO of some of the most innovative companies in the world and… future owner of Twitte...
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Fighting lawsuit abuse keeps our courts fair and our economy strong. Learn more →
About - Texans for Lawsuit Reform
TLR's objective is to restore litigation to its traditional and appropriate role in our society. A lawsuit takes a heavy emotional and financial toll ...
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