Tuesday, August 25, 2015

Crowdfunding Litigation

Crowdfunding Can Be A Great Way to Finance Your Case - Or Destroy It, by Jason Krouse 
 
"A litigation crowdfunding website or application lets anyone in need of backing for a legal matter raise money from anywhere in the world. There are two emerging crowdfunding models at opposite ends of the funding spectrum. On one end there are nonprofit efforts ... which raises money from donors, not investors ... for small-scale criminal defense cases or nonprofit organizations trying to launch legal or political campaigns. At the other end of the spectrum, ... accredited investors bet on the outcome of corporate lawsuits, which is an estimated $1 billion market."