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Calls for regulations to guide third-party litigation funding

June 20, 2023

An insurance leader is calling for increased disclosure and regulation around third-party litigation financing.

Speaking from his Chicago-area office, Casey Petersen (pictured), head of US casualty for McGill and Partners, said that fund managers and other third parties who finance legal action against companies by accepting legal assets as collateral in return for a percentage of any award will drive a cost beyond the courtroom.

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