Founded by Roni Dersovitz, RD Legal Funding, LLC operated in the litigation finance sector, providing non-recourse funding to individuals and law firms awaiting settlement payments from lawsuits. The company's business model involved purchasing a portion of a future settlement at a significant discount, thereby providing immediate cash to the plaintiff or their legal team. However, the company's operations ceased in 2015 after the U.S. Securities and Exchange Commission (SEC) charged the firm and its founder with running a fraudulent scheme, misusing investor money, and lying about the nature and risks of the investments. The company was subsequently placed into receivership, and its founder was convicted and sentenced to prison, effectively ending the company's existence.

Founded in

United States