Third Party Financing of Litigation – A Point & Counter-Point Policy Discussion

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Third Party Financing of Litigation – A Point/Counter-Point Policy Discussion

Friday, October 26, 2012
12:00 – 1:00 pm
Rayburn House Office Building, Room 2226

Featuring:

Jeremy Kidd
Assistant Professor of Law, Mercer University Walter…


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Third Party Financing of Litigation – A Point/Counter-Point Policy Discussion

Friday, October 26, 2012
12:00 – 1:00 pm
Rayburn House Office Building, Room 2226

Featuring:

Jeremy Kidd
Assistant Professor of Law, Mercer University Walter F. George School of Law

and

Anthony Sebok
Professor of Law, Benjamin N. Cardozo School of Law

Join us for a discussion on the merits of third party financing of litigation (TPFL) in the United States civil justice system. TPFL arises when someone not otherwise involved with a particular litigation pays the cost of the litigation for one party. In return, if the case succeeds, the third party litigation funder is usually paid a success fee, which is typically a share of the proceeds.

A policy debate has arisen as to whether TPFL is beneficial to litigants and the U.S. civil justice system. The debate centers on whether meritorious cases would reach the courthouse without the existence of TPFL, or if existing plaintiff-financing models provide the necessary incentives to bring these cases.

Jeremy Kidd is Assistant Professor of Law at the Mercer University Walter F. George School of Law. He graduated in 2007 with honors from George Mason University School of Law and holds a Ph.D. in economics from Utah State University. He has practiced as a real estate associate with Ballard Spahr Andrews & Ingersoll in Washington, D.C. and later as a litigation associate with Strong & Hanni in Salt Lake City, Utah. He clerked for the Honorable Ted Stewart on the U.S. District Court for the District of Utah and the Honorable Alice Batchelder, Chief Judge of the U.S. Court of Appeals for the Sixth Circuit.

Anthony Sebok is Professor of Law at Benjamin N. Cardozo School of Law. Professor Sebok specializes in tort law and legal philosophy. His current scholarship has been focused in the area of punitive damages and the role that our liability system plays in resolving political disputes. He has lectured widely on tort law and he is frequently quoted by the national media on timely legal issues. Professor Sebok is a regular columnist for Findlaw, a popular legal web site. He holds a Ph.D. in politics from Princeton University and he was Law Clerk to Chief Judge Edward N. Cahn of the United States District Court for the Eastern District of Pennsylvania before joining the faculty in 1992.

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