Newsroom | Fields Han Cunniff PLLC

Richard Fields made a fortune off the great tort waves of the 1980s and 1990s -- asbestos, silicone breast implants -- by extracting billions of dollars from insurance companies that were reluctant to pay the bills of his corporate clients. Now he's on the sidelines, investing in lawsuits instead of arguing them. Fields runs Juridica Investments Ltd. The London-listed firm has about $157 million invested in 23 cases, and claims an internal rate of return on completed investments of 85%. (Forbes) Richard Fields made a fortune off the great tort waves of the 1980s and 1990s -- asbestos, silicone breast implants -- by extracting billions of dollars from insurance companies that were reluctant to pay the bills of his corporate clients.

  While hedge funds around the globe are watching their investments go up in smoke, one fund - Juridica Investments - has been enjoying nice returns. How? It puts its money in lawsuits. Launched in December 2007 by two lawyers, Richard Fields and Timothy Scrantom, Juridica gives money to Fortune 500-size companies or their lawyers in the early stages of corporate lawsuits in exchange for a share of the payout if the plaintiffs win or settle. (Think of it as a different form of investing in distress.)   (Fortune Magazine) -- While hedge funds around the globe are watching their investments go up in smoke, one fund - Juridica Investments - has been enjoying nice returns. How? It puts its money in lawsuits.