Lawsuit Reform Alliance of New York executive director Tom Stebbins was quoted in the New York Times today for an article about ways in which private equity firms and hedge funds are investing in litigation:
“We have turned our civil justice system into a profit center, and now the Wall Street sharks are circling,” said Tom Stebbins, executive director of the Lawsuit Reform Alliance of New York, which represents a number of industries. “They see litigation as a low-risk investment. They see this as a sure thing with so many cases settling.”
The full New York Times article can be found here.