May 12, 2022
Financing the Good Fight: A Litigation Funding Overview
Former federal prosecutor Kenneth Harmon and former litigator Giugi Carminati of LexShares explain how individuals, businesses, and law firms can benefit from understanding and accessing litigation funding as part of the ABA's "Sound Advice" series of podcasts.
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May 4, 2022
Non-Recourse Mass Tort Financing with Max Volsky
Appearing on the Case Works podcast, LexShares Chief Investment Officer and Co-Founder Max Volsky discusses the state of non-recourse litigation finance as it applies to mass tort firms and their growing interest in portfolio funding arrangements.
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Apr. 11, 2022
In House Warrior: Litigation Finance and the Plaintiffs Bar
In a comprehensive interview with host Richard Levick, LexShares' Matthew Oxman discusses ongoing financial challenges for plaintiffs lawyers and a growing awareness both within law firms and among courts of the importance of litigation funding.
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Feb. 10, 2022
Litigation Financing: An Alternative Investment in the Good Fight
With risks running high across public markets, investors are looking further afield to alternative assets and strategies. And while headlines may go to the likes of real estate, farmland, private equity, or even cryptocurrencies, LexShares CEO Cayse Llorens says litigation finance is gaining more attention.
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Jan. 25, 2022
Litigation Finance Platform LexShares Closes $100M Fund
"We launched LMFII with the goals of meeting the rising demand for funding and continuing to provide our growing network of attorney partners with strategic financial resources and products," LexShares CEO Cayse Llorens said.
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Jan. 25, 2022
LexShares Closes Second Litigation Finance Fund
“We are excited about our participation in LexShares Marketplace Fund II and our relationship with LexShares,” said Rob Wilson, Titan Advisors’ Director of Insurance Dedicated Funds.
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Jan. 25, 2022
LexShares Raises $100 Million for Litigation Funding ‘Certainty’
LexShares closed a more than $100 million fund that it said gives “certainty” for quickly getting capital to law firms and their clients. Titan Advisors, an alternative investor with more than $4 billion in assets, was a lead contributor for the fund that targets “mid-sized” deals of $2 million to $50 million in claims.
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Jan. 25, 2022
LexShares Raises $100 Million Litigation Finance Fund
LexShares announced the oversubscribed closing of LexShares Marketplace Fund II (LMFII), a $100 million fund dedicated to investments in commercial legal claims. Investment in the fund was led by Titan Advisors, a $4.5 billion alternative investments firm.
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June 24, 2021
Chambers 2021 Litigation Support Guide Rankings (USA)
LexShares has been recognized as a leading litigation finance firm by Chambers and Partners. Their latest rankings commend our team's tech-enabled origination strategy, underwriting strength, and commitment to supporting legal practitioners across the U.S.
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June 23, 2021
2021 Lawdragon Global 100 Leaders in Legal Finance
For the fifth consecutive year, LexShares team members were honored by Lawdragon as top litigation finance leaders. The 2021 guide recognized LexShares CEO Cayse Llorens and Director of Investments Allen Yancy as professionals "at the forefront" of our growing industry.
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May 26, 2021
The Power Players of the Booming Litigation Finance Industry
Litigation finance is growing, with a reported $11 billion invested or ready to invest in lawsuits. Business Insider spoke to over 25 funders, lawyers, and finance professionals to learn who's shaping the multibillion-dollar asset class.
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Apr. 14, 2021
Litigation Funders See Opportunities for Big Returns in Bankruptcies
Some experts believe bankruptcies will surge again as government stimulus measures wind down. Litigation funding can help debtors maximize financial recovery for themselves and their creditors says Matthew Oxman, VP of Business Development and Investments at LexShares.
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Dec. 4, 2020
How 4 Litigation Financiers are Thinking About Data and Analytics
Technology is often considered the next big thing in litigation finance. Some funders, such as LexShares, use structured litigation data to assess which cases that they might finance. Others say they're trying to reduce the time lawyers need to spend underwriting cases.
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Oct. 5, 2020
Litigation Funding Opportunity Not Purely COVID-19 Related
Jay Greenberg, CEO of Boston and New York-based litigation funder LexShares, says that his firm has seen an influx of new inquiries from businesses that want to collateralize their pending lawsuits and ensure meritorious claims can be litigated to their fullest extent.
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Sept. 29, 2020
LexShares Taps Ex-Prosecutor, Touts 'Dramatic' Growth for Midmarket Litigation Funding Biz
LexShares has hired a new director of risk and deputy general counsel, expanding its ranks just a few months after opening its second fund with a $100 million target size.
The firm has "grown dramatically" since its inception in 2014, CEO and co-founder Jay Greenberg told WestLaw Today.
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Sept. 29, 2020
LexShares Further Expands Investments Team with Strategic Hiring of Kenneth Harmon
Drawing on a 28-year background prosecuting white-collar criminal matters and whistleblower-related litigation for the federal government, Mr. Harmon will help LexShares evaluate and service a growing pipeline of legal claim investment opportunities.
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Aug. 18, 2020
Litigation Finance Has Surpassed $1 Billion Raised in Busy 2020
The inflow of capital comes as litigation funders say they have seen a surge in demand related to the coronavirus. Parties in ongoing cases are seeking to monetize their claims rather than continue to pay to litigate, and new lawsuits related to business disruptions caused by lockdowns are attracting funders.
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July 29, 2020
Personal Wealth Cover Story: Investing in lawsuits
Litigation financing, which allows investors to fund third-party legal claims in exchange for a share of any damages awarded, is becoming popular around the world. This alternative asset class was previously the domain of specialised funders and institutional investors. But now, some funding platforms are making it available to accredited investors in smaller-ticket sizes.
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July 24, 2020
LexShares Sees Consolidation Coming to the Increasingly Crowded Litigation Finance Space — CEO
LexShares, a Boston-based commercial litigation finance company, expects to see consolidation in the space, which has attracted multiple new entrants in recent years, said co-founder and CEO Jay Greenberg. LexShares gives wealthy individuals and institutional investors the chance to invest in litigation outcomes. Greenberg said there were roughly eight similar companies when he co-founded the business in 2014 with Chief Investment Officer Max Volsky, and that number has swelled to more than 40.
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July 23, 2020
LexShares Sources New Opportunities Within Growing Litigation Financing Market
Since inception, LexShares has strategically positioned itself in the commercial legal claims sector. It finances case types like breach of contract or antitrust where both litigants are business entities. It also does portfolio funding where financing is provided to law firms collateralized by a docket of commercial legal claims.
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June 25, 2020
Litigation Financing May Tempt Investors with High Returns. What to Know Before Buying in.
In contrast to the large number of funds that largely target institutional investors and come with minimums of $1 million or more, LexShares has an online marketplace for investors — both accredited and institutional — to pick and choose which cases to invest in.
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June 19, 2020
Pandemic Is Expected to Bring More Lawsuits, and More Backers
LexShares got its start as a fundless sponsor in 2014. Bigger firms are primarily backed by pension funds and sovereign wealth funds, but LexShares counts many individuals as investors. They all have to be accredited investors, which means they have more than $1 million in investable assets or an annual salary greater than $200,000. It is raising a second fund, at $100 million, only two years after its first $25 million fund.
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June 12, 2020
Nasdaq TradeTalks: Connecting Investors to Fund Litigation
LexShares CEO, Jay Greenberg joins Jill Malandrino on Nasdaq TradeTalks to discuss litigation as an asset class -- connecting investors to fund cases online.
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June 10, 2020
Boston Firm Seeks $100M to Invest in Business Lawsuits
The litigation finance firm LexShares is hoping to raise $100 million for a new fund that its chief executive touts as a way for investors to largely avoid the coronavirus-related volatility of other markets.
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June 10, 2020
LexShares Opens New $100M Litigation Fund to Investors
The litigation backer, which launched six years ago as a platform for individual investors to pick and choose between cases, also released new data on its investments so far. Litigation funder LexShares announced a new $100 million fund Wednesday, two years after closing its first fund allowing investments in a portfolio of lawsuits at $25 million.
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June 10, 2020
LexShares Launches USD100m Litigation Finance Fund
LexShares, a specialist in commercial litigation finance, has launched LexShares Marketplace Fund II (LMFII). With a USD100 million target fund size, LMFII will invest in litigation-related assets offered on the LexShares platform. LMFII opens on the heels of the company’s 100th legal claim investment, making LexShares one of the most active litigation funding firms in the world.
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June 10, 2020
LexShares Opens Books on Litigation Bets to Attract $100 Million
Litigation finance company LexShares is releasing its historical returns from investing in lawsuits with the hope the disclosures will help the six-year old firm meet a fundraising target of $100 million. LexShares joins a growing group of litigation finance players to announce new fundraising since the start of 2020, as many in the industry expect a surge of spending on coronavirus-related lawsuits despite a flagging economy.
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June 10, 2020
LexShares Courts New Investors For $100M Litigation Finance Fund
LexShares is doubling down on its second fund, which has already raised $30 million toward a target of $100 million, the company said Wednesday. The Boston-based commercial litigation funding firm, founded in 2014, closed the LexShares Marketplace Fund I in January 2018, after being fully subscribed for $25 million, Jay Greenberg, co-founder and CEO told Crunchbase News.
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June 10, 2020
$100 Million Litigation Fund Launched by LexShares
LexShares, a litigation funding platform, has announced the launch of Marketplace Fund II (LMFII). Investors may now participate in the $100 million fund that benefits from successful/resolved lawsuits. LexShares notes that LMFII opens following the company’s 100th legal claim investment. Prior to the public offer which is open to individual investors (accredited), LexShares reports that it has already received $30 million – including two institutional investors.
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June 10, 2020
LexShares Launches $100 Million Litigation Finance Fund
LexShares, a leader in commercial litigation finance, today announced the launch of LexShares Marketplace Fund II (LMFII). With a $100 million target fund size, LMFII will invest in litigation-related assets offered on the LexShares platform. LMFII opens on the heels of the company’s 100th legal claim investment, making LexShares one of the most active litigation funding firms in the world.
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June 3, 2020
Litigation Finance Scores Big Win in Minnesota Supreme Court
The Minnesota Supreme Court on Wednesday abolished the common law doctrine barring champerty, providing a major victory for the litigation finance industry.... “That is sort of indicative of where states are going with regards to their views on commercial litigation funding,” said Jay Greenberg, co-founder of litigation finance firm LexShares. “States over the past five years have become much more lenient on their view towards litigation finance because they realize it is good public policy and increases access to justice.”
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April 24, 2020
How COVID-19 Will Shape Litigation Funding: The Short-Term Effects
The far-reaching reverberations of COVID-19, the most disruptive pandemic in more than a century, have sent shock waves throughout the legal industry. Courts across the country have temporarily closed or suspended trials. Proceedings that would normally occur in person instead take place over video conference calls, governed by policies that evolve frequently. Law firms and in-house legal departments have implemented headcount reductions, salary cuts, or both. Finding itself in a position that was unthinkable just a few months ago, and with the disruption showing no signs of abating soon, the legal industry must now contend with a “new normal.”
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March 24, 2020
Litigation funder LexShares experiences 100% jump in inbound funding inquiries amid market volatility
Over the last three weeks, tech-driven litigation funder LexShares has received almost 30 inbound funding inquiries, representing a 100% jump from the three weeks prior, according to the firm’s founder and CEO Jay Greenberg. The uptick stems in large part from financially strained plaintiffs and law firms looking to get ahead of potential working capital constraints by turning to litigation finance to weather the oncoming economic storm brought by the coronavirus (COVID-19) pandemic.
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March 16, 2020
Why Litigation Finance Transformed in the 2010s, and What 2030 Might Bring
Naturally, the surging popularity of litigation finance has raised important questions from legal industry participants. Why, for instance, has third-party funding suddenly boomed in the U.S.? Will new technology and regulations change the way parties seek and provide funding? How will attorneys’ funding options evolve as new providers and products enter the market? In sum — how different will litigation finance look one decade from now?
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January 28, 2020
LexShares doubles litigation funding deal size in 2019
Tech-driven litigation funder LexShares notched an average deal size of USD 1.2m in 2019, up from roughly USD 630,000 in 2018, reflecting higher accredited investor interest in the nascent asset class, according to two sources familiar with the matter.
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November 21, 2019
US Jury Payouts Leave Insurers "Facing $200 Billion Hole"
One high-profile litigation finance group, Burford Capital, is listed in London, while firms such as US-based LexShares and the UK’s AxiaFunder court investors to back lawsuits in return for a share of any awards. Some insurers executives remain more sanguine than others, arguing that the premiums insurers charge will eventually reflect the cost of bigger payouts.
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October 11, 2019
Justices Seem Skeptical Of USPTO's Attorney Fee Arguments
Many detractors of the American rule, however, ignore the numerous exceptions that are prevalent in the U.S. legal system. For example, parties can define which side will pay the costs of a dispute when negotiating contracts. Similarly, fee-shifting statutes are common in federal and state litigation. Courts also routinely award attorney’s fees to prevailing parties in cases involving bad faith. A recent patent-related case, Peter v. NantKwest, which was argued before the Supreme Court on Monday, offers an interesting glimpse into one such exception.
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July 26, 2019
An Introduction to Litigation Finance
We live in a world where access to justice often depends on access to capital. Many claimants face insurmountable challenges due to a lack of economic resources and, regardless of the merits of their claims, find themselves unable to receive the justice they deserve. The ever-rising cost of litigation often provides well-capitalized defendants with an overpowering weapon: financial asymmetry.
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March 28, 2019
100 Leading Legal Consultants and Strategists for 2019
LexShares Co-Founders, Jay Greenberg and Max Volsky, were both named to Lawdragon's Top 100 Legal Consultants list for 2019, which assembles the "most brilliant crisis communicators, marketing mavens, management advisors and recruiters in the world."
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March 7, 2019
Litigation Support Leaders LexShares and GLG Law to Partner, Will Cross-Promote Services to Clients
LexShares, a leader in commercial litigation finance, and GLG Law, a leader in expert witness services, today announced an exclusive new partnership under which they will offer their litigation support products to one another’s clients. Together, LexShares and GLG Law have worked with more than three quarters of the AmLaw 100 and are trusted partners of hundreds of law firms globally.
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February 1, 2019
2019 Emerging Legal Technologies
LexShares is a commercial litigation funder that makes investments in all types of legal claims from litigation boutiques to Am Law 50 firms. It uses the Diamond Mine technology platform to source and identify legal claims in need of funding.
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November 29, 2018
Other People's Money
The rise of artificial intelligence has led to additional opportunities for litigation financing firms. LexShares, a litigation funding firm founded in 2014 with offices in Boston and New York City, has developed a proprietary platform that scours federal and some state court filings for potential investment leads.
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August 23, 2018
Litigation Finance Industry Opens Up To Private Investors
The crowdfunding approach was pioneered by LexShares, a US-based platform launched in 2014, for accredited investors to invest at least $2,500 in individual disputes or a portfolio of cases. Jay Greenberg, LexShares chief executive, said there was "extreme demand for our assets", adding that a recently posted case had been fully subscribed in less than an hour.
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July 31, 2018
LexShares Provides Closer Look at Litigation Funding Sourcing Technology
Artificial intelligence may be helping to find potential litigation investments, but it is a long way from making investment decisions on its own. The online litigation finance firm LexShares Inc. announced for the first time Tuesday the number of cases that its proprietary software has generated as potential investment opportunities.
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July 31, 2018
LexShares Strengthens Team with Key Hires to Support Growing Demand For Litigation Funding
Attorneys Allen Yancy, formerly of Weil, Gotshal & Manges, and Matthew Oxman, formerly of Dewey & LeBoeuf, join LexShares’ underwriting group to help manage the firm’s rapidly growing deal pipeline.
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June 28, 2018
Litigation Funders Face Their Hardest Sell: Big Law
Make no mistake: There has never been more capital looking to finance corporate litigation, and it is only expected to grow. There are at least two funds poised to launch by the end of the year. And to hear their pitches, funders are eyeing the nation's largest law firms as potential borrowers.
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June 7, 2018
LexShares Launches Private Institutional Litigation Finance Exchange
LexShares, the commercial litigation finance firm, has launched the LexShares Private Market, an exchange for secondary litigation finance transactions. Built exclusively for qualified institutions, the LexShares Private Market (LPM) is an online exchange that serves to bring litigation funders and institutional investors together on a unified platform, improving access to and liquidity of legal finance assets.
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June 5, 2018
5 Myths About Litigation Finance
If you’re not familiar with how litigation finance works, you should fix that — fast. Litigation finance is growing dramatically in popularity and importance, and both litigators and transactional attorneys need to understand it — and what it means for the legal industry.
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January 30, 2018
Legal Tech Download
The world of legal technology is quickly evolving, with new products coming to market in rapid succession.... Litigation finance platform LexShares announced Jan. 25 that it has closed two investment funds for the maximum amount of $25 million.
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January 25, 2018
Litigation Finance Platform Closes $25M Fund
Commercial litigation finance platform LexShares Inc. has closed the firm's first multiclaim fund, which was capped at $25 million, the company said Thursday.
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January 25, 2018
LexShares Set To Meet Growing Industry Demand After Successfully Closing Litigation Finance Fund
LexShares, a commercial litigation finance platform, announced the successful singular closing of LexShares Marketplace Fund I, LLC and LexShares Marketplace Fund I QP, LLC (collectively “LMFI” or “the Fund”) for the Fund’s maximum amount of $25 million.
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January 22, 2018
Litigation Finance: How Wall Street Invests in Justice
At the moment, there are very few ways for individuals to invest in litigation finance, but the field may become more accessible to retail investors over time. Currently LexShares is the only mainstream way for U.S. investors to invest directly in lawsuits, and it's only available to accredited investors.
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January 4, 2018
Litigation Finance Trends To Watch In 2018
"The year 2017 was undoubtedly a landmark year for litigation finance.... It is against this backdrop of growth that we focus on five important litigation finance trends to watch for in 2018."
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September 18, 2017
Investors Flock to Back Lawsuits in Exchange for a Cut of Settlements
"LexShares, a three-year-old funder that invests primarily in small to midsize commercial cases, recently announced it is raising $25 million for its first fund focused on portfolio investments. The firm, which uses an online platform to pair cases with investors, said it has invested $16.3 million in 40 cases so far."
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September 7, 2017
Litigation Finance Start-Up Expands Offerings
"A start-up litigation finance firm is expanding its offerings, the latest sign of a shifting market for outside investment in lawsuits."
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September 7, 2017
New Fund Lets Litigation Investors Target Smaller Cases
“LMFI will bolster LexShares’ ability to help plaintiffs with strong cases obtain redress against much better funded adversaries, allowing claims to be adjudicated based on their merits rather than financial resources,” LexShares co-founder and Chief Investment Officer Max Volsky said."
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September 7, 2017
LexShares Eyes $25M for New Litigation Investment Fund
"One of the biggest pieces of feedback that we get from investors is that [cases] fill up so quickly that it's hard for investors to invest in them," Greenberg said. The new fund will allow greater participation—including from individual, accredited investors—and help spread risk, he added."
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September 7, 2017
LexShares Launches Its First Marketplace Fund, as Litigation Finance Continues to Grow
"LexShares discloses performance to date and launches the LexShares Marketplace Fund I (LMFI) providing investors access to multiple legal claim investments through a single fund."
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March 29, 2017
Who Rules the World of Litigation Funding?
"Launched in late 2014, LexShares identifies investment-worthy cases through a combination of personal connections, AI-aided filtering, and independent vetting, and then posts them on its platform for investors to browse and fund themselves."
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March 28, 2017
How to Invest in a Lawsuit: Learn Litigation Funding with Jay Greenberg
"Until now, this kind of investment has been available only to the very wealthy, who invested primarily through hedge funds. LexShares has made it possible for people who are not ultra wealthy to invest in lawsuits through a model similar to real estate crowdfunding. For people who don’t know what litigation funding is, Greenberg explains on this episode of the Capital Gains Podcast."
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August 30, 2016
The Legal Strategy That Bankrupted Gawker Comes to Main Street
"Our team's been investing in legal claims since the late 90s, we have a tried and true underwriting process to vet these claims," said Jay Greenberg, CEO and co-founder of LexShares.com"
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August 29, 2016
You Too Can Invest In Lawsuits. But Not Quite Like Peter Thiel
"LexShares targets commercial cases that seek about $100,000 to $1 million in funding"
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August 4, 2016
Litigation Funding Moves Into Mainstream
"Once reserved for hedge funds and other deep-pocketed investors, litigation funding is moving into the mainstream through startups like LexShares in Boston..."
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June 22, 2016
LexShares Raises Funds for $28.5 Million Whistleblower Case
"LexShares releases details of funding raised for a plaintiff in a qui tam whistleblower case against Stericycle, which resulted in a $28.5 million settlement and 93% annualized return for LexShares investors."
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June 17, 2016
Hulk Hogan, Gawker, and the future of litigation finance
"Investors in litigation finance like the lack of correlation to other markets... Litigations exist in an economic vacuum, and changes in interest rates, currency values, and housing prices don’t seem to have an effect on court proceedings. Also, investors like the natural exit and liquidity – the average case lasts around 28 months, giving the investment a short-term life cycle."
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January 20, 2016
The Next Great Investment Idea? Somebody Else's Lawsuit
"New York-based LexShares, launched in late 2014, allows SEC-accredited investors...to invest as little as $2,500 in individual commercial lawsuits by clicking on cases."
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November 5, 2015
Opening Up Access To New Investors In Litigation Finance
"Prior to LexShares, investments in litigation were primarily reserved for institutions and ultra high net worth individuals. Now with crowdfunding, individual investors are able to invest in the same asset class which these institutions have been taking advantage of for years."
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August 14, 2015
Investing In Lawsuits Is Heating Up, Aided By Electronic Platform
"Litigation finance is an investor’s dream...While hedge funds have been backing litigation for years...LexShares is the first electronic marketplace for matching investors with cases, however, and could provide a test of broader interest in litigation as a source of returns."
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July 22, 2015
LexShares Extends Litigation Funding Opportunities to Institutional Investors
"Online marketplace for investing in lawsuits welcomes financial institutions"
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May 15, 2015
LexShares receives CNBC Disruptor 50 honorable mention
"We live in a litigious society, and based on the crowded courts, you could say that lawsuits are a shared societal investment. Hedge funds and pension funds know that...Now the hedgies have some courtroom competition."
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April 8, 2015
How to "Legally" Earn a 406% Return
"Business litigation...is an expensive proposition...But for the victor, the payouts can reach millions, or even billions, of dollars. So it’s no surprise that financiers from Wall Street found a way to get involved."
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March 9, 2015
Litigation funding widens its net
"The litigation funding marketplace is developing fast with innovative companies such as LexShares..."
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February 10, 2015
LexShares is disrupting the litigation-finance market
"Litigation finance, where third parties help finance lawsuits, is just starting to make inroads in the United States, but its business model is already being disrupted."
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January 5, 2015
White House Officials, Legal Entrepreneurs Dominate 30 Under 30 Law And Policy List
"Another entrepreneur shaking up the legal business is Jay Greenberg, who quit an investment-banking career at Deutsche Bank to start LexShares, an online marketplace where high net-worth investors can finance commercial litigation."
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January 5, 2015
Investing in litigation finance
Podcast: "Known as ‘litigation finance’, this form of investing hasn’t been available to a wide investor base but returns have been as high as 50%. Jay talks to Zack Miller, Tradestreaming’s host, about the origin of litigation finance and how investors can now use LexShares to get access to a very exciting asset class."
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November 26, 2014
LexShares, Out of Stealth, Brings Crowdfunding to Litigation Financing
"There may be money to be made in the courtroom, and not just by the parties facing off."
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November 20, 2014
Crowdsourcing Comes to the Booming World of 'Litigation Finance'
"For several years, Bloomberg Businessweek has tracked the rise of “litigation finance,” a niche market where hedge funds invest in lawsuits. Today litigation finance moved in a new direction with the launch of LexShares..."
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November 20, 2014
New website uses crowdfunding to finance lawsuits
"A new website unveiled Wednesday uses crowdfunding to finance potentially high-value commercial lawsuits."
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November 19, 2014
LexShares Launches Crowdfunding For Legal Cases
Nightly television news: "A new crowdfunding website aims to help raise money for legal cases."
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November 19, 2014
Wanna sue? Crowdfund it!
"How does it work? Companies in the middle of a lawsuit will have the chance to post their case on the service's website. Once the case is deemed meritorious, accredited investors can decide if they want to invest."
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November 19, 2014
LexShares Launches Marketplace for Investors to Fund Legal Claims
"New online marketplace LexShares is launching to enable people to invest in commercial lawsuits and get a portion of the proceeds of cases that are won."
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November 19, 2014
Crowdfund Your Next Lawsuit With LexShares
"Private equity financing of lawsuits in certain corporate cases has existed for several years, although the idea of funding a legal campaign for a return on investment is still in its infancy. The founders of LexShares are looking to change that."
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November 19, 2014
Feeling Lucky? Maybe It's Time To Invest In Somebody Else's Lawsuit
"'The market really looked to me like private equity in the early 1980s.'
Greenberg’s solution is LexShares, a company that officially launched today to run an online marketplace for investing in lawsuits."
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November 19, 2014
Litigation Finance Meets Crowdfunding with New Wall Street Startup
"A new crowdfunding platform aimed at financing lawsuits is banking on the notion that mainstream investors will want to cash in on the growth of third-party litigation funding."
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November 19, 2014
LexShares is crowdfunding for lawsuits
"Accredited investors around the world can use the site to browse lawsuits that require funding, and then put a minimum stake of $2,500 into any that appeal to them."
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November 19, 2014
Boston native unveils crowdfunding site for lawsuits
"That’s the idea behind LexShares, an online marketplace Greenberg and his business partner Max Volsky unveiled on Wednesday. The website lets investors buy a stake in the outcome of a lawsuit by giving businesses the cash they need to operate while their cases go forward."
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November 19, 2014
LexShares Launches New Legal Crowdfunding Platform: Investors Buy Stakes in Lawsuits
"LexShares seeks to fund plaintiffs in commercial lawsuits for a share of the potential settlement; the legal startup’s staff of six vets suits before posting them, and only government-accredited investors can buy “stock” in a lawsuit."
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November 19, 2014
LexShares Launches Online Marketplace for Investing in Litigation
"LexShares, a crowdfunding platform that enables individuals to invest in litigation, launched its service today. The platform connects accredited investors with plaintiffs in commercial lawsuits in order to make an equity investment in a specific case."
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