RQ Law Blog

Oasis Legal Financing v. Coffman - Colorado Supreme Court

On November 17, the Colorado Supreme Court issued its ruling in Oasis Legal Financing v. Coffman. The Supreme Court unanimously held that agreements in which companies advance money to tort plaintiffs in exchange for future litigation proceeds are “loans”, which loans are subject to the Uniform Consumer Credit Code [UCCC] as adopted in Colorado. Litigation financing has grown nationwide in recent years as a way to assist people and companies...
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