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📈 Business
Wall Street profits from personal injury lawsuits by funding cases for a share of winnings
The market for litigation funding in the US has exploded, with investment firms lending money to injured plaintiffs in exchange for a cut of any winnings. The number and scale of personal injury lawsuits have surged, creating a lucrative new asset class for Wall Street investors. Critics warn that the commercialisation of the legal system may inflate settlement costs and incentivise questionable claims.
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