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Litigation Settlement
Solutions LLC
Monetizing legal fees and managing risks for top settlement attorneys for more than 20 years
ABOUT
Litigation Settlement Solutions LLC (LSS) was founded by the principals responsible for the monetization of over $3 billion in legal fees resulting from the historic Tobacco Master Settlement Agreement, representing more than 90% of such transactions over the last 20 years.
Settlement agreements can be extremely complex and often require participating attorneys to bear substantial risk, including having to wait potentially a decade or more to receive full payment of legal fees.
At LSS, we devote our considerable experience and resources to understanding every intricacy of your litigation settlement agreement and to creating comprehensive documentation, risk analytics and financial models that allow us to monetize your legal fee cash flows as quickly and efficiently as possible.
PRINCIPALS
Ron is a Founding Principal of LSS with more than 45 years' experience in structured finance law and capital markets transactions. Ron is the Founder and Principal of Ram Island Strategies LLC and serves as Adjunct Professor at Boston University Law School, Graduate Program in Banking and Financial Law. Ron was the chief legal architect of the securitization program of more than $3BN in Tobacco-related legal fees. Ron also served as co-head of the SAPC legal committee responsible for helping develop the solar securitization market and currently serves as a lead developer of a highly innovative program for funding developmental bio-pharmaceutical assets in partnership with QLS Advisors, an advisory firm founded by Andrew Lo, Professor of Finance at MIT's Sloan School and Director of MIT's Laboratory for Financial Engineering. Ron is a frequent participant in industry conferences, including MIT's OpioidX 2020 Symposium and the Milken Innovation Center's 2021 Models for Accelerating Medical Innovation. Ron graduated magna cum laude from Princeton, received his J.D. from Harvard Law School and was awarded an L.L.M. in Taxation from New York University.
Warren is a Founding Principal of LSS with more than 25 years of experience working in a variety of senior management and other positions in investment banking, principal investment, construction and specialty manufacturing, including working with financial institutions such as Morgan Stanley, JP Morgan and Bank of America. While at JP Morgan, Warren worked in the Financial Institutions Group in M&A. While at Morgan Stanley, Warren helped establish the Principal Finance Group where he managed a number of principal investment and esoteric structured finance transactions and developed the initial financial structures used in the monetization of legal fees created in connection with the historic Tobacco Master Settlement Agreement. Warren graduated from the University of North Carolina at Chapel Hill with a B.A. in History and from Woodberry Forest School.
Jay is a Founding Principal of LSS with more than 35 years of senior management experience in both non-profit and for-profit pursuits, including hedge fund management, sales and trading, and technology-related companies. Jay currently serves as Board Chair of the Raleigh Rescue Mission (RRM), a 60 year old non-profit that serves men, women, and children re-emerging from homelessness. Prior to RRM, Jay served as a Managing Partner of the Gargoyle Group, a provider of options-based hedging services and fund products. Prior to Gargoyle, Jay was a trading member of the American Stock Exchange (AMEX) in the role of market maker of exchange listed equity options. Prior to the AMEX, Jay worked in marketing and finance roles within the IBM Company. Jay graduated from the University of Mississippi with a B.A. in Marketing & Finance where he was a member of the varsity football team.
John is a Founding Principal of LSS with more than 25 years' experience in the specialty finance arena as a lender, investment banker and attorney and has deep expertise in a variety of financial products, from secured and unsecured lending to asset-backed securities and private equity investments. Prior to joining North Fork Partners, John was the President of Boston Finance Group where he oversaw the origination and underwriting of BFG’s debt portfolio. Prior to BFG, John led a team originating and structuring new, complex and esoteric ABS including, among other asset types, Tobacco-related legal fees, structured settlements, intellectual property rights and utility rate reduction bonds. Prior to Lehman, John was an attorney at Brown & Wood where he provided tax advice on structured finance transactions. John holds a B.S. in Physics from Virginia Tech, a J.D. from William & Mary, and an L.L.M. in Taxation from New York University.
Frank is a Founding Principal of LSS and has spent the majority of his investment career in structured debt and litigation finance. Frank is the Founder and President of ViaGlobal Group, a highly specialized military services provider to the U.S. Government and its allies. Prior to ViaGlobal, Frank served as the Managing Partner and Chief Executive Officer of Galway Group, an investment firm focused on the acquisition and monetization of Tobacco-related legal fees. Galway is widely recognized as having created the Tobacco legal fee market and is responsible for the monetization of more than $3BN in total legal fees. Prior to Galway, Frank spent several years at Morgan Stanley as part of their investment banking group where he led multiple transactions. Frank is a former naval aviator and is a graduate of the U.S. Naval Academy and the Georgia Institute of Technology.
RESOURCES
National Opioid Settlement -- Curated by the Opioid MDL's Plaintiff Executive Committee, this website provides relevant information, legal documentation and updates relating to the national opioid settlement announced July 21, 2021.
Opioid Settlement Tracker -- An opioid litigation watchdog initiative originally funded by George Soros' Open Society Foundation, this website reports on global settlement details, major state and federal bellwether settlements, breaking opioid litigation news and political perspectives relating to the national opioid crisis.
Opioid Settlement Tracker
Truth Initiative -- Founded in 1999 as a part of the Tobacco Master Settlement Agreement, Truth Initiative is the first public health organization dedicated to reducing tobacco use among youth and younger consumers.
NAAG Tobacco Center -- The National Association of Attorneys General Center for Tobacco and Public Health is dedicated to providing legal and regulatory support to state attorneys general and the states that are parties to the Tobacco Master Settlement Agreement.
CENTER FOR TOBACCO AND PUBLIC HEALTH
North Fork Partners -- Founded by John Fernando, North Fork Partners, LLC provides alternative finance solutions to small and medium sized businesses, predominately in the form of senior secured asset-based loans.
Ram Island Strategies -- Founded by Ron Borod, Ram Island Strategies is dedicated to providing legal, financial structuring and strategic advisory services to clients seeking improved access to the domestic and foreign capital markets.
ViaGlobal -- Founded by Frank Gren, ViaGlobal delivers risk-managed solutions to government and private enterprise in the uncharted security landscape following 9/11.
