Hedge Funds Financing Class Action Lawsuits

Source: Hedge Fund’s Next Frontier: Lawsuits

bn-hh996_0309fr_d_20150309175050With a series of unconventional tactics, Emanuel Friedman has built a more than $6 billion hedge-fund firm and earned his investors far-above-average returns.  The Wall Street Journal reported recently that hedge fund mogul Emanuel Friedman’s EJF Capital is preparing to lend hundreds of millions of dollars to law firms to pursue mass-injury class actions. EJF’s initial investment targets, according to the Journal, include litigation related to alleged complications from “transvaginal mesh” treatments and from a schizophrenia drug.

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