Tribeca Capital Group, LLC, Announces Support For New York State Litigation Funding Legislation
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NEW YORK, March 16, 2021 /PRNewswire/ Candice Payrovi, Chief Operating Officer of Tribeca Capital Group, LLC, announced the company s support of New York State Assembly Bill No. A03315, which is designed to provide regulation of the consumer litigation funding industry in the state. The bill was introduced by Erik M. Dilan, Assembly District 54. Two similar bills, Assembly Bill No. A01270 and its companion bill in the Senate, No. S00705, are also pending. All bills are currently in committee.
Consumer litigation funding, also called pre-settlement funding or legal funding, offers plaintiffs primarily in personal injury cases a way to access a potential recovery without having to wait the months or years it can take the case to conclude. This non-recourse contract is satisfied exclusively from any recovery amount and only whe