Litigation funding for trustees

Litigation funding for trustees

You are a trustee, a specialist in your field. You find pending litigation in the estate or see good opportunities to initiate litigation against third parties. However, there is either insufficient fund in the estate, or you do not wish to risk this fund to the (continuation of) proceedings.

The application for guarantee scheme trustees was rejected, inadequate or ineligible given the nature of the claim. For all these situations, litigation funding is the solution. Litigation funding means for you that the costs of the proceedings are not charged to the estate. When a lawsuit is accepted by Liesker Litigation Funding, the estate litigates entirely risk-free financially. As compensation, the estate is letting Liesker Litigation Funding participate in the proceeds of the lawsuit. But only if that yield is there! In the unlikely event that the case is lost, the estate pays us nothing. The attorney ( or trustee) will be paid the fee in all cases. The revenue sharing proposed by Liesker Litigation Funding is generally accepted by the courts. If the company has (partly) failed due to third-party default, you as trustee can consider selling the claim to the previous owner(s) of the company and agreeing with them on the distribution of a possible proceeds through a procedure to be initiated that is fully funded through Liesker Litigation Funding.

Litigation funding allows lawsuits to be decided on their merits, and not based on which party has deeper pockets or stronger appetite for protracted litigation.

New York Supreme Court Justice Eileen Bransten