Crowdfunding For Justice

The Washington Post reports that a new website, CrowdJustice, is letting people crowdfund to pursue lawsuits.

Started in the United Kingdom, the web portal is a politically neutral site where people can solicit the public’s help in fighting injustice in the courts.

It’s been used to attack Brexit, defend the travel-banned Aziz brothers and help citizens in US territories get the right to vote.

Litigation finance is relatively new, started by hedge funds, and may result in problematic conflicts if the funders are able to direct the lawsuits. Distributed funding should not result in a similar issue, however.
https://www.washingtonpost.com/national/want-to-help-fight-legal-battles-theres-a-crowdfunding-site-for-that/2017/02/10/a7fcb7f2-ec90-11e6-b7e8-df81bd6c4c30_story.html?utm_term=.505a74e21db0

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Legislative Intent, review, technology and tagged , , , , , , , , , , , , , , , , . Bookmark the permalink.

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