As previously discussed, the nature of legal claims as assets is such that plaintiffs can be deeply destabilized if funding runs out between milestones. In addition, litigation costs can be very uncertain, and it is hard to accurately estimate in … Continue reading
A “milestone” is a point at which a significant amount of information about the riskiness and value of an investment has been revealed. The information revealed is of three sorts: first, about the performance of the underlying asset; second, about … Continue reading
The sale and purchase of Litigation Proceed Rights tracks the typical language of stock purchase agreements used in venture capital, modified to reflect the basic requirement to fund through to a Milestone: 5.2 Purchase of Litigation Proceed Rights: Subject to … Continue reading
In the essay posted below, we build upon staged funding, as developed in venture capital, but modify it to fit the peculiarities of law suits. Staged funding is the incremental and often conditional infusion of capital over time. The key … Continue reading
