Third-party funding contract illegal, but lawyer not liable

By David Thomas Law Bulletin staff writer

Posted March 15, 2018 2:34 PM

In a case of first impression, a state appeals panel found that a Chicago attorney was not liable after striking a third-party litigation finance deal that is illegal in the state where the funders are based.Despite this finding, the 1st District Appellate Court said it would send the Attorney Registration & Disciplinary Commission a copy of its ruling, which found that Saulter Tarver LLP partner Keenan J. Saulter had struck a champertous agreement with Prospect Funding Holdings LLC in Minnetonka, Minn., and then never …

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