A company that funds plaintiffs’ lawsuits in exchange for a portion of the recovery is partially liable to the estate and widow of an investor who sent it about $800,000, a federal court in Michigan ruled.
The director of Lawsuit Financial Inc., Mark M. Bello, is also on the hook for breaching the 2014 investment contract and violating a securities law, the U.S. District Court for the Eastern District of Michigan said March 20.
The total damages could amount to about $1.2 million, the court said in a rough calculation.
The alleged breach of a separate 2017 contract covering $200,000 ...
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