A practice that used to be illegal has now been accepted by the legal establishment – and is forming the basis of a new asset class for adventurous investors.
Third-party litigation funding, in which a wealthy investor helps cover the cost of someone else's expensive legal action in return for a share of any successful claim, once known as champerty, is expected to become more widespread.
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| | Reprints [-] Text [+] April 3 (Reuters) - Dollar Financial Corp. (DLLR.O: Quote, Profile, Research) said it is developing an Internet-based lending platform for its three global business units. The financial services company said it expects to offer
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| | Reprints (Updates price, adds quotes) LONDON, April 3 (Reuters) - The yen fell to a five-week low against the euro and a one-month trough versus the dollar on Tuesday as improving risk appetite on the back of firmer stocks prompted investors to
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reaffirmed its fiscal 2007 and calendar year 2007 guidance estimates, expecting the First Bank of Delaware’s recent announcement not to have a significant impact on the Company’s global business performance. The company said it still expects fiscal year
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