What does champerty mean?

[newbie]

Please can someone explain what this word means to me in plain English. Also can someone point me in the right direction to find out what the liabilties of being a director is.

[Lie-in King]

Not my field at all I'm afraid, but is this what you need? -

http://www.legal-explanations.com/definitions/ champerty.htm

Sorry, can't help with the second part!

[factor-fiction]

Directors' liabilities:

http://www.iod.com/intershoproot/eCS/Store/en/ pdfs/DutiesResponsibilities.pdf

[factor-fiction]

CHAMPERTY.

Look, it was on the internet all the time:
http://dictionary.reference.com/browse/champer ty

http://en.wikipedia.org/wiki/Champerty

"In law, champerty is the practice of participating in a lawsuit in order to share in the proceeds by a person not naturally a party to the lawsuit, that is, buying into someone else's lawsuit. This practice is prohibited in some jurisdictions; in others, judges are considered to have the responsibility for policing such behaviour."



"Champerty is ... a bargain with a plaintiff or defendant ... to divide the land or other matter sued for between them if they prevail at law, whereupon the champertor is to carry the party's suit at his own expense."

When a person agrees to finance someone else's lawsuit in exchange for a portion of the judicial award.