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Settlement Funding: Laws, Ethics, & Opinions

While settlement funding might expedite the legal process, we certainly don’t cut corners at LightHouse Legal.  We make sure we operate within the boundaries set forth by state and federal laws.

At LightHouse Legal Finance, we carefully obey applicable laws, ethics, and opinions regarding our products.

Below, you’ll find two lists of opinions. The first applies to plaintiff funding, and the second applies to attorney funding. When available, we’ve provided links to these lawsuit settlement funding opinions. We also cited relevant case law for your convenience, and added a sampling of industry participants, statements from commentators, and courts regarding litigation funding, which can be found by clicking the commentary link.

Ethics Opinions – Plaintiff Lawsuit Settlement Funding

Alaska
92-3
Lawsuit Settlement Funding
Arizona
91-22
Lawsuit Settlement Funding
California (L.A. County Bar)
500
Lawsuit Settlement Funding
Colorado
96/97-17
Lawsuit Settlement Funding
District of Columbia
196
Contact the D.C. Bar at 202-737-4700
D.C. Bar Website
Florida
00-3
Lawsuit Settlement Funding
Hawaii
34
Lawsuit Settlement Funding
Illinois
92-9
Lawsuit Settlement Funding
Maryland
94-45
Contact the Maryland Bar at 800-492-1964
Maryland Bar Website
Massachusetts
83-7
Lawsuit Settlement Funding
Michigan
RI-321
Lawsuit Settlement Funding
Missouri
20000006
Lawsuit Settlement Funding
Nebraska
00-2
Lawsuit Settlement Funding
New Jersey
691
Lawsuit Settlement Funding
New York
666, 769
Lawsuit Settlement Funding 1
Lawsuit Settlement Funding 2
North Carolina
2000-4
Finance Company’s Interest in a Client’s Recovery
Ohio
94-8, 94-11, 2003-Ohio-2721
Lawsuit Settlement Funding 1
Lawsuit Settlement Funding 2
Rancman v. Interim Settlement Funding Corp.
Pennsylvania
93-145
Contact the Pennsylvania Bar at 717-238-6715
Pennsylvania Bar Website
Pennsylvania (Philadelphia Bar)
91-9
Lawsuit Settlement Funding
Rhode Island
92-2
Contact the Ethics Advisory Panel of the Rhode Island Supreme Court at 401-222-3270 - Website
South Carolina
94-04
Lawsuit Settlement Funding
Tennessee
99-A-666
Contact the Board of Professional Responsibility of the Supreme Court of Tennessee at 800-486-5714 - Website
Texas
465
Lawsuit Settlement Funding
Utah
97-11, 02-01
Lawsuit Settlement Funding
Virginia
1155, 1379, 1441
For 1155, contact the Virginia Continuing Legal Education at 800-979-8253 - Lawsuit Settlement Funding
Wisconsin
E-92-3
Lawsuit Settlement Funding

Ethics Opinions – Attorney Lawsuit Settlement Funding

Arizona
01-07
Lawsuit Settlement Funding
California (L.A. County Bar)
499
Lawsuit Settlement Funding
Florida
00-3
Lawsuit Settlement Funding
Georgia
92-1
Lawsuit Settlement Funding
Illinois
94-6
Lawsuit Settlement Funding
Kentucky
E-420
Contact the Kentucky Bar at 502-564-3795
Kentucky Bar Website
Louisiana
00-C-0414
Chittenden v. State Farm Mutual Automobile Ins. Co.
Maine
152, 177
Lawsuit Settlement Funding 1
Lawsuit Settlement Funding 2
Maryland
94-24
Contact the Maryland Bar at 800-492-1964
Maryland Bar Website
Missouri
970066
Lawsuit Settlement Funding
New Jersey
603
Lawsuit Settlement Funding
New York
754
Lawsuit Settlement Funding
New York (NYC Bar)
1997-1
Lawsuit Settlement Funding
(opinion relevant to lawsuit settlement funding is at bottom of webpage)
North Carolina
2006-12
Obtaining a Loan to Fund Litigation Costs
Ohio
2001-3
Lawsuit Settlement Funding
Tennessee
98-A-659
Contact the Board of Professional Responsibility of the Supreme Court of Tennessee at 800-486-5714 - Website
Texas
465
Lawsuit Settlement Funding
Utah
97-11, 02-01
Lawsuit Settlement Funding 1
Lawsuit Settlement Funding 2
Virginia
1595
Lawsuit Settlement Funding

Case Law

Here are some court decisions relevant to lawsuit settlement funding:

Saladini v. Righellis, 426 Mass. 231, 687 N.E.2d 1224 (1997)

Osprey, Inc. v. Cabana Ltd. Partnership, 340 S.C. 367, 532 S.E.2d 269 (2000)

Kraft v. Mason, 668 So. 2d 679 (Fla. App. 4th Dist. 1996)

Dopp v. Yari, 927 F. Supp. 814 (D.N.J. 1996)

Nyquist v. Nyquist, 841 P.2d 515 (Mont. 1992)

Aldrich v. Aldrich, 260 Ill. App. 333 (1st Dist. 1931)

Embola v. Tuppela, 127 Wash. 285, 220 P. 789 (1923)

Charlotte-Mecklenburg Hospital Authority v. First of Ga. Ins. Co., 340 N.C. 88, 455 S.E.2d 655 (1995)

Achrem v. Expressway Plaza Ltd. P’ship, 112 Nev. 737, 917 P.2d 447 (1996)