The ABA Journal reports that an Ohio court found money paid to litigants void as champerty and maintenance.
Champerty, says Dietl: Br Unterstützung einer Prozeßpartei (gegen Zusicherung eines Teils des Prozeßgewinns)
Maintenance: . unzulässige Unterstützung einer Prozeßpartei (od. beider) durch einen Außenstehenden (Am obs.)
British? American? Both are obsolete terms in both Britain and America, as far as I know.
Interim Settlement Funding Corp. is a law-loan company. It lent the defendant $6,000 in return for her later paying it $16,800 if the case was over within 12 months, and increasing amounts if it took longer.
She refused to pay – she paid back the $6,000 plus 8% interest. She then sued the companies, asking the court to find the contract void. Continue reading