“A Truly Disgusting Legal-lending Racket”
The New York Post Editorial Board said a recent report is “yet another grotesque abuse by the legal-lending industry.”
Sunday, the New York Times reported that lawyers, lawsuit lenders, and marketing firms worked in tandem to encourage women to have “often-unneeded surgery” to make them better plaintiffs in lawsuits against medical device companies. The Post says the “legal sharks circle for a fat payday” in these suits, as they “entice women into unnecessary and risky surgery.” The editorial board called for legislation to “rein in these abuses.”
The New York Post previously ran its own exposé on the lawsuit lending industry, finding that loans to plaintiffs often come with sky-high interest rates.