Legal Business

CMS: Crowdfunding litigation – power to the people?


Tim Hardy

Partner, CMS

David Bridge

Senior associate, CMS

When the people of France gave the Statue of Liberty to the US in 1886, they left it to the people of the US to fund the acquisition of a site and build the pedestal. Fundraising proved difficult until the publisher of the New York World started a campaign that attracted over 120,000 donations, most of which were less than a dollar.