Case Updates
Colorado Supreme Court confirms regulation under Colorado Uniform Consumer Credit Code
November 16, 2015
The Colorado Supreme Court affirmed the Court of Appeals’ decision and held that litigation finance companies in these circumstances are subject to regulation under Colorado’s Uniform Consumer Credit Code.
U.S. Chamber files amicus brief
June 09, 2014
In its brief, the Chamber urged the Supreme Court of Colorado to affirm the decision of the Colorado Court of Appeals that held the petitioners lend money to plaintiffs in personal injury cases and charge interest on that loan. The circumstances and financial terms of lawsuit lending unnecessarily prolong personal injury litigation, and thus occupy court and business resources that could be better utilized. The ultimate beneficiary is the lawsuit lender. The Chamber argued that to avoid the problems caused by unregulated lawsuit lending, petitioners’ conduct should be regulated by the Colorado Uniform Consumer Credit Code (“UCCC”).
The Chamber filed the brief jointly with the Denver Metro Chamber of Commerce.
David R. Fine of McKenna Long & Aldridge LLP served as counsel for the amici in this case.