Oasis Legal Finance Group v. Coffman, Colorado Attorney General

{1 Petitioners are national litigation finance companies. They buy interests in the potential proceeds of personal injury cases by executing agreements with tort plaintiffs to whom the companies provide money while the cases are pending (typically, less than $1,500). By the terms of the agreements, the money cannot be used to prosecute the legal claims. Instead, the plaintiffs are supposed to use the funds to pay personal expenses while waiting for their lawsuits to settle or go to trial.

1 2 In exchange, the plaintiffs agree to pay the companies a sum of money from the future litigation…