Minnesota (MN) Lawsuit Loans

Updated on 12/17/2021

This article helps plaintiffs and attorneys alike learn more about lawsuit loans and alternatives in Minnesota. Below you will find the following information:

Lawsuit loan alternatives in Minnesota

Lawsuit loans are expensive. Plaintiffs in Minnesota should exhaust all other options before seeking legal funding. Check out the local resources below for some ideas:

Lawsuit funding laws, regulation and relevant ethics opinions in Minnesota

Before 2020, Minnesota prohibited lawsuit loans based on the champerty doctrine. In 2020 however the court decided that lawsuit loans were not champertous. Some pre-settlement funding companies now provide advances to Minnesota residents.

Legal funding case law in Minnesota

Prospect Funding Partners provided pre-settlement funding to Maslowski. At the conclusion of the case, Prospect Funding Partners was not repaid. Though common law prohibited lawsuit loans in the past, the Minnesota Supreme Court reversed precedent. This reopened the door to lawsuit funding for MN residents.
Source: Maslowski v. Prospect Funding Partners LLC

Can a lawyer lend money to a client in Minnesota?

Lawyers cannot subsidize or pay for lawsuits brought on by clients. A lawyer can advance the costs of litigation to the end of the trial, with repayment being based on the success of the case.
Source: Minnesota Rules of Professional Conduct 1.8(e)

Lawsuit loan companies serving Minnesota

Recommended lawsuit loan companies funding Minnesota residents

US Claims Logo

US Claims offers some of the lowest, non-compounding rates in the industry. Many companies claim to offer “the lowest rates in the industry” – we recommend comparing them against an offer from US Claims. to see for yourself.

View US Claims’ profile

Triumph Legal Funding Logo

Triumph Legal Funding offers competitive rates and fast, friendly service. Triumph favors rolling contracts with pre-approved monthly funding amounts to help clients budget and offer peace of mind throughout the course of their lawsuit.

View Triumph Legal Funding’s profile

Lawsuit loan companies located in Minnesota

  • Mustang Litigation Funding – Mustang Litigation Funding is relatively new but quickly growing lawsuit funding company based in Minnesota. They have provided more than $50 million in funds to plaintiffs and attorneys since 2018.

Regional pre-settlement funding companies that serve Minnesota residents

  • Oasis Financial – Oasis Financial is one of the largest pre-settlement lawsuit loan companies in the United States. Oasis has provided funding to more than 250,000 plaintiffs since 2003.

Other pre-settlement lawsuit loan companies serving Minnesota residents