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> Division of labor and specialization is [sic] almost always economically efficient. Litigation finance is just the embodiment of that concept applied to litig
by dctoedt 10y ago
> Division of labor and specialization is [sic] almost always economically efficient. Litigation finance is just the embodiment of that concept applied to litigation.
I'd be more comfortable with your economic-efficiency argument if there were more economic certainty in the process by which damages awards are arrived at --- especially in situations such as the Gawker case. I didn't see or hear any of the damages evidence, but it seems strange that the jurors concluded that Hulk Hogan really suffered $115 million in damages. As I know you're aware, it's not uncommon for lay jurors to do a version of baseball arbitration, choosing the analysis of one side's damages expert over that of the other --- and of course the opinion of neither expert is entirely unmotivated.