Client Sues Firm After Funders Recover Most of His Settlement

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A Brooklyn man who won a $150,000 settlement in a personal injury lawsuit will only receive $111, after his attorneys collect their fees and the rest is given to litigation finance companies.  The companies advanced funds to the plaintiff but were allowed to charge high interest rates while the case proceeded.  The plaintiff is currently suing his lawyers for not looking out for his best interests when negotiating the settlement, given that he would not have to repay the loan if he went to trial and lost.

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