LexShares is crowdfunding for lawsuits
Nov19
Crowdfunding is gradually creeping into every walk of life. The latest evidence? LexShares is a new platform that lets you invest in US litigation. Accredited investors around the world can use the site to browse lawsuits that require funding, and then put a minimum stake of $2,500 into any that appeal to them. LexShares was founded by Jay Greenberg, ex of Deutsche Bank’s technology investment group, and Max Volsky, an attourney and expert in lawsuit funding. While the idea of investing in lawsuits may seem odd, Volsky points out that there are already three publicly-traded funds (two in the UK and one in Australia) that do just…
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