Mass Tort Funding in New York

Mass Tort & MDL Plaintiff Funding in New York

State rules that shape pre-settlement funding for New York mass tort and MDL plaintiffs, how the state's CPLR §214-c discovery rule and coordinated-litigation panels affect a claim.

Non-recourse funding is repaid only from a settlement or award. Independent capital providers set the terms.

Bills do not wait for your case.

Rent, medical bills and living costs keep arriving while a case moves through the court. An advance against a pending case can cover them and is repaid only if the case produces a recovery.

New York law and funding terms: Mass Tort Funding

The New York rules that shape this claim

The rules below shape how a New York mass tort funding claim is underwritten and how quickly it can move toward resolution.

Statute of Limitations

New York applies a three-year limitations period to a product- or toxic-tort-based mass tort claim (CPLR §214). New York's distinctive discovery-rule extension for latent-exposure injuries is directly relevant to most mass torts: under CPLR §214-c, the claim generally accrues within three years of discovering the injury, and if the scientific or medical knowledge needed to identify the cause was not yet available, a claimant who discovers that causal link within five years of discovering the injury gets one additional year from the causation discovery to file — a mechanism written specifically for the kind of latent, science-dependent causation questions that define mass tort litigation. New York has no general statute of repose for consumer products.

Comparative Fault Rule

New York applies pure comparative negligence (CPLR §1411) to a mass tort sounding in strict liability, consistent with the state's adoption of strict products liability in Codling v. Paglia, 32 N.Y.2d 330 (1973) — a plaintiff's own fault reduces recovery proportionally but never bars it outright, which as in California tends to be built into a settlement matrix's graduated point ranges rather than an all-or-nothing litigated defense.

Damages Caps

New York has no general statutory cap on compensatory damages in a mass tort action.

Pre-Judgment Interest

Pre-judgment interest is generally unavailable on damages for personal injury caused by negligence in New York prior to verdict (CPLR §5001(b)); a claim resolved through a global settlement matrix instead receives an allocated award rather than a judgment carrying statutory interest.

Venue

A New York mass tort claim filed in or removable to federal court can be transferred to a federal MDL under 28 U.S.C. §1407 for coordinated pretrial proceedings. New York also has its own mechanisms for coordinating related state-court cases: a statewide Litigation Coordination Panel can consolidate related actions pending in different New York counties, and New York is home to one of the most prominent state-level coordinated mass tort dockets in the country — NYCAL, the New York County Asbestos Litigation coordinated part of the New York Supreme Court, which has handled a large share of the nation's asbestos litigation for decades.

Funding-Specific Statute

New York regulates consumer litigation funding under the Consumer Litigation Funding Act (Article 39-H), N.Y. Gen. Bus. Law §§ 899-ccc–899-mmm. Charges to the consumer litigation funding company are capped at 25% of the gross amount recovered on the claim — disclosed verbatim, in 12-pt bold, in the funding contract.

State law

How New York regulates consumer legal funding

Statute
Consumer Litigation Funding Act (Article 39-H). N.Y. Gen. Bus. Law §§ 899-ccc–899-mmm.
Rate or fee limit
Charges to the consumer litigation funding company are capped at 25% of the gross amount recovered on the claim — disclosed verbatim, in 12-pt bold, in the funding contract.
Disclosure
Plain-language contract disclosing the funded amount, maximum total amount assignable, and a payment schedule at 180-day intervals; 10-day right of rescission; written attorney acknowledgment; funder barred from influencing settlement, misleading advertising, or paying referral fees.

Reviewed September 17, 2026. Legal information, not legal advice.

Terms

How terms are set for New York plaintiffs

Rates and terms are set by the capital provider and written in the provider’s agreement before signing.

Term
How it works
Decision
Made by the independent capital provider, not by Criterica Capital
Advance size
Set by the capital provider
Pricing
Set by the capital provider and written in its agreement before signing
Repayment
Non-recourse funding is repaid only from a recovery. The provider’s agreement states the terms.
State limit
Where a state sets a lower limit, the state limit applies.
Typical timeline

A New York mass tort claim typically runs three to seven years from filing to individual payout, particularly where a latency-driven causation-discovery question under CPLR §214-c has to be resolved before the underlying science-dependent claim can even be valued, on top of the governing coordinated proceeding's own bellwether and settlement timeline.

How New York law affects funding this claim

Why is CPLR §214-c especially important in a mass tort case compared with an ordinary injury claim?

Section 214-c was written specifically for the fact pattern most mass torts present: a latent injury where the causal connection to a product or exposure isn't scientifically established until years after the injury itself, and it can add a full extra year to file once that causation link becomes knowable, on top of the standard three-year period from discovering the injury.

This means a New York mass tort plaintiff's timeliness often depends on tracking two separate discovery dates — when the injury was discovered, and separately when the scientific link to the product became knowable — rather than a single accrual date, which is a more involved timing analysis than most other case types in this catalog require.

What is NYCAL and why does it matter for a New York asbestos-related mass tort claim?

NYCAL — the New York County Asbestos Litigation coordinated part — is one of the most active and longest-running state-court mass tort dockets in the country, consolidating asbestos-related claims filed in New York County before dedicated judges with established case-management protocols.

A claim proceeding through NYCAL benefits from decades of developed causation science, defendant identification, and settlement history specific to that docket, which can make timing and valuation more predictable than in a newer, less-established mass tort proceeding — a distinctly favorable characteristic worth weighing in a funding decision on a New York asbestos-related claim specifically.

FAQ

Mass Tort Funding questions in New York

Sources & references

CPLR §214 · CPLR §214-c · CPLR §1411 · Codling v. Paglia, 32 N.Y.2d 330 (1973) · CPLR §5001(b) · 28 U.S.C. §1407 · N.Y. Gen. Bus. Law §§ 899-ccc–899-mmm

Reviewed September 17, 2026. Legal information, not legal advice.

Pre-settlement funding is a non-recourse purchase of a portion of the proceeds of a pending legal claim — not a loan. If the case does not result in a recovery, nothing is owed. Rates, fees, and repayment terms are disclosed in full in the funding agreement, which the applicant’s attorney reviews before signing. Availability and terms vary by state.

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