In Echeverria, the New York Superior Court held that a litigation funding agreement that provided for a lender's right of recovery only in the event the plaintiff received a judgment in his favor charged usurious interest.
Summary of this case from Anglo-Dutch Petroleum Inter. v. HaskellMay 2, 2005.
Champerty and Maintenance — Litigation funding Corporation.
In Echeverria, the New York Superior Court held that a litigation funding agreement that provided for a lender's right of recovery only in the event the plaintiff received a judgment in his favor charged usurious interest.
Summary of this case from Anglo-Dutch Petroleum Inter. v. HaskellFull title:ECHEVERRIA v. ESTATE OF LINDNER
Court:Supreme Court of the State of New York
Date published: May 2, 2005
Federal immigration laws do not apply under New York law when no federal statute or any provision of the US…
Anglo-Dutch Petroleum Inter. v. HaskellNoting that no other Texas court has addressed usury allegations in the context of litigation funding…