Why We Support the New York Consumer Litigation Funding Act
Posted on: July 21 2022Category:At Tribeca Lawsuit Loans, we have long favored sensible reforms and well-considered legislation governing consumer litigation funding. New York State Assembly Bill No. A03315, the New York Consumer Litigation Funding Act, is the kind of action our industry needs. Also known as consumer legal funding, lawsuit loans, and pre-settlement funding, consumer litigation funding finances plaintiffs […]
What Are Commercial Litigation and Business Litigation?
Posted on: July 19 2022Category:Commercial litigation, often referred to as business litigation, refers to civil litigation where one or more parties is a business. While the terms are often used interchangeably, there are specific differences between business litigation vs. commercial litigation. Yet there is also a great deal of overlap between the two. Usually, commercial litigation attorneys can also […]
What is Workers’ Compensation and How Does it Work?
Posted on: June 09 2022Category:Every year, nearly 3 million American workers are injured on the job. As a result of their injuries, many require medical treatment, lose wages from time off work, and may need physical or occupational therapy to return to work. Others may be partially or fully disabled and unable to return to the same job. Workers’ […]
What is the Difference Between Defendant and Plaintiff?
Posted on: April 21 2022Category:If you get caught up in a lawsuit, you will quickly realize that lawsuits have their own vocabulary. You might wonder, are you the plaintiff or the defendant? It’s essential to understand your position if you are involved in legal action. Defining Plaintiff vs. Defendant According to the Encyclopedia Britannica: The plaintiff is the party […]
Transformations within the Commercial Litigation Finance Space and Their Impacts Thus Far
Posted on: October 27 2020Category:Litigation Finance is a recent development in the commercial finance space. However, its effect on the market has exceeded its time within it. A growing number of lenders in the space choose commercial litigation, especially within the US. This was demonstrated by a 2019 study that found that over 65% of surveyed lawyers were familiar […]
Litigation Funding for Lawyers: 3 Tips to Secure the Capital Needed
Posted on: June 05 2020Category:Litigation funding is legal help in the form of a loan, which is only repayable if you win your case. This is called non-recourse lending, recourse is a legal term which means you are entitled to claim your money back, therefore non-recourse financiers are not eligible to ask for repayments if your client loses their […]