Tribeca offers a comprehensive portfolio of financing solutions for all phases of commercial litigation from strategic evaluation, discovery and trial preparation, settlement negotiations, trial process, appeal, and judgment recovery. Regardless of whether you are considering litigation, your case has been filed, settled, awarded judgment, or appealed, Tribeca is ready to discuss your capital needs. Tribeca places no restrictions on how the client utilizes the advance, on litigation strategy, or on attorney judgment. Tribeca complies with all regulatory and statutory requirements imposed by the appropriate jurisdiction.
You can initiate the application process by indicating your interest in this form or by calling 866-388-2288 and discussing your needs with one of our knowledgeable representatives. You will provide information about the nature of the case and grant permission for our underwriting staff to communicate with your attorney. Rest assured that we are keenly aware of our clients’ need for confidentiality and loyalty. We execute a comprehensive non-disclosure agreement and pledge to respect the confidentiality of documents and information necessary to process the client’s application. As a part of the application process, you and Tribeca will execute a non-disclosure agreement and apply it. The non-disclosure agreement ensures that you, your attorney, and your funding company can freely exchange information necessary to make informed decisions about the merit and value of the case.
Our underwriters aim to determine the value of your case, it’s chance of success, the financial health of the defendant, and your capital needs. In doing so, they will carefully evaluate your case, review all documentation, and consult with you and your attorney. Your full cooperation is expected and appreciated.
After our investigation, we will develop a rate sheet and contact you with our proposed terms. If you accept the terms, we will prepare and provide you with the funding documents for your review and signature.
Within 24 Hours of receiving your executed paperwork, we will be ready to fund the agreement. We will transmit the proceeds to you by wire transfer according to the agreed terms in your funding documents.
As the Case Progresses
There are many ways to structure your litigation advance(s). We may agree to provide you with a lump sum payment. You may prefer to receive separate advances according to a set schedule. We may decide that an as needed draw down facility will suit your requirements better. In any event, our agreement will be designed with your needs in mind.
Settlement or Judgment
When the case is completed, assuming that the settlement or judgment involves payment of a sum to you, the paying party will transmit the settlement funds or judgment amount to your attorney who will, in turn, reimburse Tribeca for any advances plus any accumulated fees. If, however, you lose the case, your business will not be required to repay any advances or fees. This is a non-recourse transaction. You are only responsible for payment if you win your case or settle it for a sum of money.
If you or any other party seeks to appeal the case, Tribeca’s investment is safe. We will not expect payment of any advances until the case is completed, including any appeals. We also recognize that the appellate process may entail outlays of attorney fees, and we will be ready and able to consider financing your additional needs at that time.
Sometimes the best-laid plans – and judgments – fail to result in immediate cash. Our underwriting criteria require that the defendant has the resources capable of satisfying a judgment considering the causes of action, the compensatory amounts sought in the petition, and any additional amounts that might be awarded, such as punitive damages. Tribeca will work with your business to help the secure payment of judgment amounts, including advances and fees, from the judgment debtor.