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.
The 13-page opinion released Wednesday is believed to be the first such ruling issued by a judge in the U.S.
