The firm Ryval plans to launch during the first quarter and allow people to leverage tokens in order to wager on civil lawsuits. Blockchain AVAX
Report Highlights Tech Firm Ryval's Avalanche-Powered Litigation Tokenization Concept
According to a recent interview, trial lawyer Kyle Roche from the legal firm Roche Freedman LLP has started a tech startup called Ryval that aims to be “the stock market of litigation financing.” The firm plans to launch during the first quarter and allow people to leverage tokens in order to wager on civil lawsuits.was recently interviewed by the Vice author Maxwell Strachan as Roche’s new tech startup Ryval was showcased for its litigation tokenization concept.
“What we do is: tell the story, vet the legal claim, and then allow the public to invest and give you the funds to go and litigate your case,” Roche told Strachan. “And what does the public get in return? The public gets an interest in the outcome of your suit.
However, the Kern County Sheriff’s Office and California’s Department of Fish and Wildlife allegedly destroyed Apothio’s harvest “estimated to be worth between $500M and $1B at the time, without prior warning, justification, or opportunity for Apothio to be heard.” Republic’s report notes that litigation is costly and the firm has to pay “attorney and expert witness fees, discovery costs, and trial expenses.
“[Ryval will be] focused on access to justice and taking on claims that we believe are good claims,” Roche said. “But at the end of the day, I don’t think anybody should be the gatekeeper to who has access to the courts. I think access to the court system, access to the legal justice system should be something that is given to as many people as the justice system can handle.”
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