TBA Law Blog

Posted by: Brittany Sims on Nov 20, 2014

A new website unveiled yesterday uses crowdfunding to finance potentially high-value commercial lawsuits, the ABA Journal reports. LexShares connects accredited investors with plaintiffs in commercial lawsuits. LexShares’ staff of legal and securities professionals reviews the suits and only posts cases deemed to have strong merit. If the plaintiff wins a settlement or court judgment, the investors will recover an amount “proportionate to the investment,” the press release says. If the plaintiff loses, the investors lose their money.