June 11, 2020, Chicago, IL —
Last week Minnesota joined the majority of U.S. jurisdictions in allowing claimants to utilize litigation funding. The Minnesota Supreme Court abolished the longstanding common law rule of champerty and maintenance. In so doing, the Court recognized the vital role litigation funders play in helping claimants secure access to the justice system. Maslowski v. Prospect Funding Partners LLC, No. A18-1906, 2020 Minn. LEXIS 322 at *15-16 (June 3, 2020).
To read to the ruling, please follow this link: Minnesota Supreme Court Decision on Litigation Finance