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View Full Version : LexShares Launches Platform for Crowdfunding U.S. Lawsuits



Salvador Briggman
11-20-2014, 04:01 PM
Read the full article here: http://www.crowdfundingpr.org/lexshares-launches-platform-crowdfunding-u-s-lawsuits/


On November 19 2014, New York based company LexShares launched a new crowdfunding service that lets accredited investors fund U.S. litigations for a minimum stake of $2,500. This platform is looking to shake up the $200 billion dollar U.S. litigation market, one that is “currently undercapitalized, which allows investors to be highly selective with investment opportunities,” as their website points out.

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JohnM
11-24-2014, 12:01 PM
I read article but it's not clear what backers get on return for funding lawsuits. Or I'm missing point altogether, which shouldn't surprise anyone if it's authored by lawyers.

Salvador Briggman
11-24-2014, 01:42 PM
From my understanding, if the plaintiff prevails in the lawsuit, then the investors are paid a portion of the proceeds from the settlement agreement.