There's crowdfunding for health costs, movies, new gadgets... And now, you can add lawsuits to the list. Litigation finance, as its called, is nothing new. The idea is, you front some money to help pay the litigation costs for a court case, and then if your party wins, you get a slice of the earnings. Traditionally, it was more like another option for investors. But now Silicon Valley is getting in on the action — and some of these litigation finance companies are letting the public invest in court cases.
Maya Steinitz is a law professor at the University of Iowa who studies litigation finance.