The ruling is narrow since it came before the court in the context of post-settlement consumer loans—which are very different from the commercial loans. (Photo: Shutterstock)
The U.S. Court of Appeals for the Third Circuit's recent pronouncement about the inability of district courts to simply abandon an often-disparaged form of litigation funding, known as post-settlement lending agreements, may have come in a limited context, but, according to some observers, the ruling could prove instructive as courts and legislators continue to parse out the judiciary's role in the emerging world of litigation funding.
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Max Mitchell
Max Mitchell is ALM's Regional Managing Editor for The Legal Intelligencer, New Jersey Law Journal, Delaware Business Court Insider and Delaware Law Weekly. Follow him on Twitter @MMitchellTLI. His email is [email protected].
