Gian DeFilippis Gian DeFilippis

Third-party financing for litigation is killing NY's trucking businesses. Albany must act

The vast majority of New York’s trucking companies are small, family-owned businesses that have operated for generations. These are the unsung heroes of our supply chain, working tirelessly to ensure that goods and materials move safely, efficiently, and cost-effectively across the state. Yet, despite their critical role, our local carriers are under siege — not just from challenges like rising fuel costs and workforce shortages, but from a lesser-known but equally destructive force: nuclear verdicts fueled by third-party litigation finance agreements that are hidden from view in legal proceedings.

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MS-13’s sick lawsuit scam is enabled by a perfect storm of bad NY laws

The Sunday Post’s report on how a vile cast of villains — Russian and MS-13 gangsters, plus slimy surgeons, lawyers and lenders — pressure migrants, the homeless and other vulnerable New Yorkers to undergo unnecessary surgeries to bolster bogus lawsuits is a tale right out of a twisted horror film.

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Insurers Seek Litigation Funding Changes

Disclosure of third-party litigation funding, which is routinely blamed for skyrocketing litigation defense costs and increased verdicts, could make the judicial system more efficient, advocates of disclosure regulations say.

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CONSUMERS FOR FAIR LEGAL FUNDING AND RIDE-HAILING COMPANIES JOIN FORCES TO PUSH FOR REFORM OF DANGEROUSLY UNREGULATED LAWSUIT LENDING INDUSTRY

ALBANY, New York (January 30, 2024) —

Consumers for Fair Legal Funding (CFLF) — a coalition of community groups, social justice organizations, and business interests across New York — today announced the relaunch of its push for commonsense reform of the unregulated and predatory lawsuit lending industry.

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