Environmental litigation has long time horizons, complex causation chains, and multi-party allocation dynamics. Our underwriting models are trained on CERCLA contribution, NRD, and toxic tort court records — including allocation decisions that determine which parties bear what share of cleanup costs.
Defense-side funding is available where the regulated entity's defense preserves measurable asset value — typically in large penalty actions or NRD cases where the quantum of liability is contested and expert testimony determines the outcome. Defense funding is non-recourse, repaid only from the reduction in assessed liability versus the initial demand.
Every capital decision at Criterica Capital is underwritten against outcomes, not collateral. Our models are trained on 106M+ real court records across US federal courts, state courts, and international jurisdictions.
We assess jurisdiction-level recovery rates, case-type outcome distributions, time-to-resolution curves, and attorney performance history before committing capital. No collateral. No credit check. Outcomes only.
