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Small Litigation Funders And Purchasers Of Distressed Debt Beware – Champerty Is Alive And Well In New York
Champerty. Most people have never heard of the word, and, even if they did, it is more likely they do not remember what it means. The same is probably true for most lawyers, who most likely encountered the doctrine when they studied for the bar exam. So what is champerty? Black’s Online Law Dictionary (2d ed.) defines champerty as: “A bargain made by a stranger with one of the parties to a suit, by which such third person undertakes to carry on the litigation at his own cos

Jeffrey Haber
Nov 9, 20169 min read
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