LexShares

LexShares is an online marketplace for investing in litigation. It connects plaintiffs in commercial legal disputes with investors to fund their cases. Founded in 2014, LexShares is privately owned with offices in Boston and New York City.[1]

LexShares
TypePrivate company
IndustryLegal
Founded2014 (2014)
FoundersJay Greenberg
Max Volsky
HeadquartersBoston, Massachusetts
New York, New York
ProductsLitigation finance, Litigation Funding
Websitewww.lexshares.com

The LexShares platform, launched by co-founders Jay Greenberg and Max Volsky, is an online marketplace for litigation funding, similar to equity crowdfunding. The LexShares platform connects accredited investors with plaintiffs and attorneys looking for funding. Investors can buy a stake in the outcome of a lawsuit by giving plaintiffs, oftentimes business owners, the capital they need to pay legal fees or operate their business while in the midst of litigation.[2]

LexShares funds individual commercial cases. When a new case is offered, LexShares' investor network is notified and has the opportunity to invest through their online platform. In 2018, LexShares closed its debut $25 million multi-claim marketplace fund.[3]

On 10 June 2020, LexShares confirmed the introduction of LexShares Marketplace Fund II (LMFII), a dedicated litigation finance fund with a target size of $100 million. LMFII will invest in litigation-related assets made available on the LexShares marketplace.[4]

References
  1. "LexShares". LinkedIn.
  2. Randazzo, Sara (2016-08-04). "Litigation Funding Moves Into Mainstream". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-02-03.
  3. Reddan, Darcy (January 25, 2018). "Litigation Finance Platform Closes $25M Fund". Law360.
  4. "LexShares Launches $100 Million Litigation Finance Fund". businesswire. 10 June 2020. Retrieved 16 June 2020.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.