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Stock impact report

Hospitals Seen as Potential Growth Area for Litigation Financing [BNN Bloomberg (Canada)]

YPF Sociedad Anonima (YPF) 
Last ypf sociedad anonima earnings: 3/9 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ypf.com/enu/inversoresaccionistas
Company Research Source: BNN Bloomberg
“There is such enormous economic pressure in the health care industry that it leads to a fair bit of bad behavior and quite a significant number of disputes,” he said during a media briefing Tuesday. “Insurance companies are increasingly difficult in paying health care claims. That's probably true for you personally, but it's also true for corporates.” Litigation finance is a $15 billion industry in which investors fund lawsuits in exchange for any award or settlement if a case is successful. It's a “relatively new” trend for hospitals to seek such financing, according to Bogart, but insurers not paying claims has become so prevalent that some hospitals bundle cases up and bring one large arbitration or litigation action. He didn't disclose if Burford is funding any ongoing cases. Publicly traded Burford, which is celebrating its 15th anniversary and has a portfolio of more than $7 billion, gained notoriety after backing entities which last year won a $16 billion judgment again Show less Read more
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