[lrocklin]

Neubert, Pepe & Monteith, P.C. is a law firm in Connecticut that represents MCA funders in collection actions. The Prejudgment Remedy (PJR) law in Connecticut is scheduled to change on July 1, 2024, per Public Act 23-201 (Act). We have published an article that outlines the changes to the PJR law for MCA collection actions, as we presently understand them.

A link to the article is here: https://npmlaw.com/article/public-ac...n-connecticut/

In summary, the Act as drafted (i) does not change the PJR waiver attachment procedure in cases where the MCA financing amount is more than $250,000, and (ii) limits the use of a PJR waiver to after commencing litigation, and not upon, in cases where the MCA agreement is entered into on or after July 1, 2024, and the amount of financing is $250,000 or less.

Note: The article contains our understanding and opinions as of the date of the article. It is not known how the courts will interpret the Act, including if in accordance with our article. No attorney client relationship exists by reading our article.

Lucas Rocklin, Joseph Dunaj, John Szalan
Neubert, Pepe & Monteith, P.C.

[MCSlay]

Succinct and brilliant

[abfunders]

I heard about this through the grapevine, Connecticut will no longer be a safe haven for a bunch of fraudulent funders with this new law taking effect.