Elvis Presley case highlights growth of third party funding to back legal claims

Small and risk-averse companies turn to litigation businesses to pursue claims in the courtroomElvis Presley's estate is embroiled in a long-running legal action to extract cash from RCA records in a case that alleges Elvis was "unjustly exploited by his record company". If the estate wins, a hefty percentage of any payout will go to a litigation funding business, Calunius Capital, set up by Leslie Perrin.His Guernsey-based litigation fund has £40m to back such cases, and in a world of rocketin...

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