"Litigation Funders See Growing Opportunities in Bankruptcy Boom"
Marc Carmel, leader of McDonald Hopkins' Litigation Finance practice area and Managing Member of the firm's Chicago office, was recently quoted by Bloomberg Law discussing bankruptcy litigation funding arrangements.
In the article, "Litigation Funders See Growing Opportunities in Bankruptcy Boom," reporter Alex Wolf, explores the idea that "Litigation finance is working its way into corporate bankruptcy proceedings as Chapter 11 cases pile up, enabling more lawsuits and strengthening plaintiffs’ claims against third parties who may have caused or worsened a bankrupt company’s distress."
Carmel explains, "Although it’s not the right fit for every bankruptcy case, litigation funding allows trustees 'to pursue more litigation that they might not have pursued to begin with.'"
Click here to read the full article from Bloomberg Law.