Afraid to invest in the stock market. Have we got a deal for you?

OK, so the Dow and other indices have had a pretty good stretch lately. Nevertheless, we're still jittery, wondering where we can invest and hope to get the kinds of returns that we were seeing just a couple of years ago.
Well, ingenuity to the rescue. Why invest in risky ventures such as invention, development, manufacturing, or sales? Go to where the big money is: lawsuits.
You can invest in funds that back lawsuits. The New York Times article: reports on Juris Capital, a Chicago firm backed by two hedge funds:

Juris typically invests $500,000 to $3 million in a case, Mr. Desser said. He would not identify the company’s backers, but said that “on the portfolio as a whole, our returns are well in excess of 20 percent per year.” He added, “We’re certainly beating the market.”

These aren't your Lionel Hutz ambulance-chasing cases, but well-financed ventures doing God's work. As Anthony J. Sebok, a professor at Benjamin N. Cardozo School of Law in New York, noted:

If the claims are valid, then they may benefit from being litigated more effectively because the lawyers have more resources. “Having funding available for cases that are good cases, cases that from a God’s-eye point of view, so to speak, should’ve been brought, is a good thing,” Mr. Sebok said.

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via ./.