Got a Lawsuit you Want to Fund? Crowdfund it!

/ 3 years ago

Screen Shot 2014-11-19 at 10.08.30Want to sue someone but can’t afford it? Well no longer, as a new website called LexShares thinks it has the answer, with its Kickstarter for lawsuits.

LexShares allows people to quite simply ask “accredited investors” for money towards a suit they’re taking out. Those investors can invest a minimum of $2,500 into any suits that they think would produce a good return.

Investors get to see all sorts of details about a case, giving them an idea of the chances of the suit being successful. They also get the opportunity to see how long it would take to see a return on their investment. If the case loses, they lose that investment.

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The founders of the company behind it say they believe the site will “even the playing field” between individuals who normally couldn’t afford a $1 million suit and giant multinational companies that can afford a number different lawsuits a year.

So if you do want to sue someone, get on over to LexShares.

Source: The Next Web

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