It is made by these firms difficult not to ever sue the city.
A finance company run by Bethenny Frankel’s boyfriend is among a number of organizations that cost taxpayers vast amounts a 12 months by motivating lawsuits that are questionable ny because of the vow of quick payday loans.
And making the proposition also harder to show straight down, the amount of money fronted to prospective litigants doesn’t have to be reimbursed when they lose.
вЂњOf program they incentivize people to sue,вЂќ NYU Law Professor Samuel Issacharoff told The Post.
вЂњThe loan individuals are lending cash simply because they think it is a mark that is easy the town will not fight legal actions.вЂќ
City Comptroller Scott Stringer called the burgeoning вЂњadvance-settlementвЂќ industry вЂњa enterprize model that may possibly clear the way in which for bogus claims up against the City.вЂќ
Scott Stringer G.N. Miller
вЂњUltimately, fraudulent claims and legal actions cheat taxpayers and takes valuable resources far from critical services,вЂќ Stringer stated.
вЂњIt’s unsatisfactory for any organization to game the machine for the buck that is easy the cost of everyday New Yorkers.вЂќ
Brooklyn-based LawCash вЂ” whose CEO, Dennis Shields, reconciled with Frankel this past year вЂ” as well as its competitors earn money by advancing plaintiffs a percentage of the possible profits and recharging hefty interest costs whenever it is paid back.… Read More...