June 4, 2020 / 2:02 PM / 2 months ago

Minnesota top court overturns state's litigation financing ban

Minnesota’s highest court has overturned the state’s common law prohibition against litigation financing by third parties seeking to obtain a portion of a settlement, known as champerty.

The Minnesota Supreme Court’s ruling on Wednesday is a victory for litigation financing company Prospect Funding Partners LLC, which had sought to collect $14,000 from Minnesota resident Pamela Maslowski under a litigation financing agreement.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/3dxtKiv

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