Tag Archives: consumers

When Loans Are Involved in Lawsuits: How Consumer Litigation Funding Affects Lawsuits in the U.S. 

By | August 26, 2022

The U.S. is one of the world’s most litigious countries. According to a 2010 New York Times article, “we spend about 2.2% of gross domestic product, roughly $310 billion a year, or about $1,000 for each person in the country on tort litigation, much higher than any other country.” The defendant of a tort claim… Read More »

How do Consumers Respond to Corporate Bankruptcy?

By | May 24, 2022

Firms rely extensively on debt financing. While debt has many benefits, value can be destroyed when lenders worry they will not be repaid. For example, a firm at risk of liquidating may lose customers who derive utility from future interactions with a stable business. Likewise, a firm may be perceived by consumers as having low… Read More »