An interesting business model, but my instinct is that the vast majority of the judgments are not just"dogs" but the dogs no one else wanted (otherwise at a minimum an enterprising attorney could take it on a contingency). But again, much like Alternative Litigation Financing ("ALF"), for the party wishing to monetize the judgment, the play is on spreading the risk over a broad portfolio. The inference here therefore is: 1) buying judgments at very steep discounts (like 5-10% and under) and; 2) having a lot of them.
http://www.abajournal.com/magazine/article/in_the_judgment_trade_law_students_website_helps_bring_in_the_cash/
Monday, October 31, 2011
Trading for Judgments: An Exchange Where Sellers and Buyers of Judgments Can Transact
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