One example stands out. In a single matter, the complaint says all parties – including neutral mediators and the claimant’s own lawyer – agreed $750,000 was fair. The claimant’s counsel wrote, per the filing, that “the neutrals agreed that a settlement in the amount of $750,000.00 was fair and reasonable.” The defendants, who had advanced $76,500, allegedly refused and asserted a lien of $1,419,364.44, forcing the case on. A passive investor, the complaint argues, has no reason to block a settlement; someone chasing a return target does.
New York Marine sues Case Cash, alleges funder targeted insurers
By Awais
