Third-Party Litigation Financing (TPLF)This is where you want to sue the local super market because you slipped in aisle five and think they should pay for you to take a couple of years off from work, so you go to your local credit union, on crutches, of course, and borrow the money to pay the lawyer to bring the law suit.
Regards — Cliff
3 comments:
Actually this could be a good thing! Perhaps during the loan underwriting process a "Litigation outcome appraisal" could be done to assess the potential of an award. This could result in a decline in frivolous suits being brought.
Of course, I also believe in the Easter Bunny!
Burst out laughing at the end.
Thanks
Regards — Cliff
Think this through. DOJ civil rights division could underwrite the CU loan because after all, it is every American's RIGHT to sue for personal injury caused by another (ignorance is no mitigating factor). Eventually, we can get Fannie and Freddie into the process thus inviting an entire roster of attorneys to be gainfully employed. Just think of The One standing in the WH East Room, backed by a four level bleacher full of newly employed or finally reemployed attorneys...see..the Federal Jobs Program DOES work.
You may be onto something Cliff......and only a month to go to Flag Day too.
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