Ecuador: Who’s Financing the Pollution-Liability Suit Against Chevron?
Decades of legal proceedings, billion-dollar suits; Paul Barrett asks, Who’s Financing the Pollution-Liability Suit Against Chevron?
One of Donziger’s talents is raising money. In addition to some $7 million contributed to the case by a Philadelphia plaintiffs’ law firm that has since bowed out of the litigation, Donziger has received millions of dollars from wealthy individuals and hedge funds. In return for some of this outside financing, he has promised shares of any winnings from the case. In the past year or so, a London-based investment firm called Woodsford Litigation Funding has chipped in to help finance the plaintiffs’ cause, according to people personally familiar with that arrangement.
Is a lawyer allowed by law to “promise shares of any winnings from a case”?