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ARTICLE · 10 MAY 2019

Sixth Circuit Upholds Ruling That Kentucky Champerty And Usury Laws Bar Litigation Funding

We used to author occasional "There'll Always Be Posner" posts, highlighting the latest ruminations of that lively, capacious intellect.

United StatesLitigation, Mediation & Arbitration

We used to author occasional "There'll Always Be Posner" posts, highlighting the latest ruminations of that lively, capacious intellect. But it is doubtful whether we will ever have occasion to pen another such post, since Judge Posner stepped down from the Seventh Circuit. But Judge Danny Boggs still sits on the Sixth Circuit, and he still seems to have his fastball. We've mentioned a couple of times our admiration for Judge Boggs — he of the notorious clerk trivia quiz, spotty performance as a lifeline on Who Wants to be a Millionaire, host of Kentucky Derby parties, and dazzling mastery of prose and law. Last week he wrote a rather long opinion in Boling v. Prospect Funding Holdings, LLC, 2019 WL 1858506 (6th Cir. April 25, 2019), a case about whether certain litigation funding contracts were enforceable. We will, in turn, write a rather short summary. It will lack the Judge's splendid phrase-turning, but it will give a sense of the main issues and rulings. Our

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This article is presented for informational purposes only and is not intended to constitute legal advice.

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