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Wall Street profits as personal injury lawsuit payouts expand
The segment has grown in both the number of cases and the size of payouts, with firms funding litigation by backing likely winners and sharing returns with investors.
Personal injury lawsuits have surged in both volume and payout magnitude, according to NYT Business, with Wall Street finding ways to participate in the payoff.
The outlet says the growth is tied to companies betting on case outcomes, including funding personal injury matters where they believe a win is likely.
NYT Business adds that some of these arrangements allow investors to take a share of the upside tied to the eventual payouts.
Overall, the reporting highlights how an increase in litigation activity and settlement sizes has created a larger opportunity for financial players to profit from case outcomes.