This proposal is to those interested in speculating in “non-recourse lawsuit financing”. This is a common method of funding personal injury lawsuits. It’s on the cutting-edge of legal practice in the United States and is beginning to be done more here as Canadians become familiar with the concept.
This is an overly broad statement that is incorrect, as it is NOT a common method in the US nor is it cutting edge of legal practice in the US. There is something called "contingency" "structured settlements" or "class actions". A non-recourse lawsuit financing is similar to a "contingency" case. However, in MOST states, it is illegal to pay out money to the gain a position as a plaintiff. It is a conflict of interest to buy into a lawsuit.
Anyone making the above quoted statements have been be licensed as an attorney somewhere in the states to make these statements and it better not be a quote from A.G. Wentworth.