1. Home
  2. Browse Decisions
  3. Ohio
  4. 99 Ohio
  5. 99 Ohio St.3d 121 (2003)
 

RANCMAN v. INTERIM SETTLEMENT FUNDING CORP.

No. 2001-2154.

99 Ohio St.3d 121 (2003)

2003-Ohio-2721

RANCMAN, APPELLEE, v. INTERIM SETTLEMENT FUNDING CORPORATION ET AL., APPELLANTS.

Supreme Court of Ohio.

Decided June 11, 2003.

Attorney(s) appearing for the Case

Slater & Zurz and Walter Kaufmann, for appellee.

Brouse McDowell, L.P.A., Robert M. Stefancin and Rebecca A. Kucera, for appellants Interim Settlement Funding Corp. and Future Settlement Funding Corp.

Connie J. Elliano, for appellant Future Settlement Funding Corp.

Todd W. Sleggs & Associates and Todd W. Sleggs, urging reversal for amicus curiae Todd W. Sleggs.

Andrew T. Savage, urging reversal for amici curiae LawFunds, L.L.C.; Cambridge Management Group, L.L.C.; Capital Transaction Group, Inc.; Expert-Funding.com Corporation; Funding Office, Inc.; Future Funding of Utah, Inc.; Future Settlement Funding of South Carolina, Inc.; Budget Fast Cash, L.L.C.; LawsuitFunding.com, Inc.; Litigation Funding, Inc.; Plaintiff Support Services, Inc.; Pre-Settlement Funding Corp.; and Shree Rajendra Corp., d.b.a. Settlement Financial Group.

O'CONNOR, J.

{¶ 1} We are asked to address whether a nonrecourse advance of funds secured solely by an interest in a pending lawsuit and at a contracted return exceeding 180 percent per year is permissible under Ohio law. We hold that it is not. Such an agreement constitutes champerty and maintenance and thus is void under Ohio law.

I

{¶ 2} Roberta Rancman, appellee, was seriously...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases