Playing The Odds: Hedge Funds Finance Medical Malpractice Claims
Has Wall Street gone too far?
Forbes.com
Medical Justice CEO Jeff Segal, MD, JD, FACS, General Counsel Mike Sacopulos and Wayne Oliver, Vice President of the Center for Health Transformation examine an alarming new trend – financing malpractice suits through hedge funds.
“Investors are always looking to earn an easy profit, particularly from well-managed companies. But when the profit is from a hedge fund that finances medical malpractice lawsuits aimed at driving doctors out of the profession, Wall Street may have gone too far.
An entirely new industry has cropped in recent years as trial lawyers set their sights on making money off physicians, corporations and other targets–particularly financing malpractice suits through hedge funds. In 2010, hedge funds invested $1 billion in these types of suits, much of it for medical malpractice cases.”
