Crowdsourcing Comes to the Booming World of ‘Litigation Finance’ – BusinessWeek
Date: Nov 20, 2014
If Chevron settled for $100 million, for example, Donziger’s financiers would get paid $69 million off the top—a healthy profit exceeding 100 percent, according to a forensic analysis done at the oil company’s behest by the accounting firm KPMG. Attorneys and other advisers, including Donziger, would share $22 million. Administrative expenses would consume $8 million. That would leave just $1.5 million for rain forest reparations. Read more>>
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