Questions over the future of litigation funding await answers in Georgia as the state Supreme Court prepares to decide the issue and another case continues to move through a federal court in the state. Critics call these businesses "lawsuit lenders," pointing to the high percentage plaintiffs are obligated to pay when a lawsuit is completed. The Georgia Court of Appeals in Ruth decided last year that properly labeled legal funding transactions were "investments" rather than "loans." The state Chamber of Commerce filed a writ asking the state Supreme Court to review that decision. Plaintiffs Ronald Ruth and Kimberly Oglesby followed that up with a Jan. 3 filing request.

Source: Forbes February 07, 2018 18:22 UTC