Delaware Judge Approves Litigation Finance in Complex Business Dispute

A Delaware court ruled Wednesday that a business suing another business was within its legal means when it contracted with a litigation finance company to help pay the cost of going to trial.

Delaware Superior Court Judge Jan. R. Jurden decided that Boston-based Charge Injection Technologies (CIT) did not violate the state’s prohibition against “champerty and maintenance” when it engaged a third-party to finance the litigation.