According to a recent interview, trial attorney Kyle Roche from law firm Roche Freedman LLP founded a tech startup called Ryval that aims to be a “stock market for litigation financing.” The company plans to launch in the first quarter and will allow people to use the token to wager on civil lawsuits.
Ryval’s initial litigation product concept
barrister Kyle Roche Recently interviewed by co-author Maxwell Strachan as Roche’s new tech startup Ryval was showcased for its litigation tokenization concept. “Ryval’s goal is to make justice more affordable,” Roche, Ryval’s co-founder, told Strachan. Essentially, the sub-editor discusses how Ryval will be able to acquire stock by dispersing billions of dollars in court cases. Barriers to gamify the court system.
“What we do is: tell the story, review the legal requirements, and then allow the public to invest and give you the money to litigate your case,” Roche told Strachan. “What does the public get in return? The public is interested in the outcome of your lawsuit.”
Kyle Roche is Known for countless crypto lawsuits His law firm, Roche Freedman, has been involved in multi-billion dollar lawsuits over the past few years including against Craig Wright, lawsuits against Tether, and against multiple digital currency exchanges and certain initial coin offering (ICO) token issuers The case. Roche Friedman LLP managed to win $100 million to self-proclaimed Bitcoin inventor Craig Wright.
Apothio, LLC v. Kern County
Roche disclose Some of what Ryval did last October, when he explained that Roche Freedman and the Republic were involved in an “Initial Litigation Release (ILO).”Very pleased to announce that Roche Friedman and Republic today launched the world’s first ILO by leveraging the power of the AVAX ecosystem,” Roche tweeted at the time. detail, the offering is intended to raise funds for Apothio’s litigation proceeds.
Hemp producer Apothio is involved in a lawsuit against Kern County, Calif., after it alleges state officials were involved in “one of the events in the history of the United States in which state officials are suspected of destroying crops on a massive scale.” According to the Republic’s 2019 report, Apothio expects to grow a significant amount of cannabis from 450 acres.
However, the Kern County Sheriff’s Office and the California Department of Fish and Wildlife allegedly destroyed the Apothio harvest, “at the time estimated to be worth between $500 million and $1B without prior warning, reasoning, or opportunity for Apothio to comment. .” Republic’s report noted that litigation is costly and companies must pay “lawyer and expert witness fees, discovery fees and trial costs.” For the first few years, Roche explained to Strachan, Ryval will be picky about which cases it chooses.
“[Ryval will be] Focus on getting to justice and accepting what we think is a good claim,” Roche said. “But at the end of the day, I don’t think anyone should be a gatekeeper with access to court. I think going into the court system, going into the legal justice system should be as many people as the justice system can handle. “
What do you think of the tech startup Ryval and the concept of initial litigation through tokenization? Let us know what you think about this topic in the comments section below.
Image Source: Shutterstock, Pixabay, Wiki Commons, Ryval website,
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