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The rich are different from you and me, and the NYTimes is always happy to let us plebes in on those differences:
Steven A. Cohen may have fended off the government for the most part, but his former wife is another story. Patricia Cohen continues to pursue Mr. Cohen, claiming that the billionaire investor cheated her out of money during their divorce some two decades ago and potentially owes her millions of dollars.
Helping to fuel the long-running legal battle is Asta Funding, a financial backer of a Beverly Hills, Calif., firm that has provided litigation financing to Ms. Cohen, according to court documents and people briefed on the matter. Asta and the firm that is financing Ms. Cohen’s lawsuit — Balance Point Divorce Funding — have an agreement to share in the proceeds of legal recoveries by clients…
Balance Point, founded in 2009 by Stacey Napp after her own acrimonious divorce, signed a deal with Ms. Cohen in the summer of 2013 to provide Ms. Cohen with about $1.2 million to continue her litigation, said people briefed on the matter but not authorized to speak about a private transaction….
Balance Point is part of a niche business that provides financing in drawn-out matrimonial cases to litigants with wealthy spouses. Only a handful of companies provide such financing in the United States…
So, while you’re counting your meagre blessings, don’t forget to include the fact that you’ve probably never heard the phrase “litigation financing” before, not even from your RWNJ second cousin by marriage…