The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
from Alison Frankel:
(Reuters) - I'm generally a fan of litigation financing, especially when participants in funding deals are sophisticated businesses and law firms hedging their bets on big commercial cases. (As regular readers know, I consider investing in mass tort litigation a different and much more dubious proposition.) Over the past six or eight years, big firm lawyers and general counsel at major corporations have slowly warmed to the idea of offloading litigation risk to investors, who are themselves an increasingly sophisticated bunch.
from Reuters News Now:
Indiana Governor Mike Pence did his job well at the vice presidential debate last night. The Republican was smoother and cooler than his opponent Democratic Senator Tim Kaine of Virginia. He refused to be drawn in to arguments about Donald Trump's more outlandish behavior and positions. He drew attention away from Trump's positions toward a more sober brand of conservatism that Republican voters rejected during the primary season. And Pence effectively played the role that Joe Biden played for President Barack Obama in 2012 after the president's wretched outing in that campaign's first debate: He took the heat off the top of the ticket, allowing for a potential comeback in the second presidential debate.