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New Oversight Board Preparing for Potential Legal Battle with Walt Disney World Over Reedy Creek Property
The Central Florida Tourism Oversight District —formerly Reedy Creek Enhancement District when it utilized to be controlled by Disney — now looks to be getting ready for a enormous authorized battle with Walt Disney Environment. The new Board Members of the Central Florida Tourism Oversight District, who were appointed by Florida Governor Ron DeSantis, satisfied previously right now to go over the lawful problems to the outdated board’s agreements with Disney that give it regulate about Reedy Creek assets. Bob Hazen, reporter for WESH 2 Information Orlando, has offered an inside glance at the assembly. It is being stated that legal professionals had been employed to obstacle agreements Reedy Creek’s…
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Litigation Funding: A multibillion-dollar industry for investments in lawsuits with little oversight
Ever heard of litigation funding? It’s a relatively new, multibillion-dollar industry where investors fund lawsuits. Here’s the idea: say someone was wronged by a big corporation but has no money to sue it. A litigation funder will pay for their court battle. In essence: they’re betting on the lawsuit the way traders bet on stocks. If it’s successful – they make money, sometimes a lot of money; if it fails – the funders get nothing – their investment is lost. Litigation funding can help in cases where otherwise the little guy who’s suing would just get crushed or lowballed by defendants with deep pockets. Problem is – this market is…
