Peter Thiel & Y Combinator Fund a “Litigation Financing” Startup to Make Money Off Other Peoples’ Lawsuits
Legalist is a startup founded by Thiel Fellow Eva Shang and Christian Haigh, backed by Y Combinator: it will use data-mining to identify people who have been legally wronged by deep-pocketed aggressors and offer to finance their litigation in return for a share of the winnings. report this ad This tactic, called “champerty,” used to be illegal, but as it has morphed into the more thrusting, …
