Litigation Financing and the Concept of Champerty

Back in January, 2010, the exchange between the Second Circuit Courts of Appeals and the New York Court of Appeals regarding the case of Trust v. Love Funding brought forth a question: Is legal funding a form of champerty? Citing  Ogden v. Des Arts, 4 Duer (N. Y.) 275,   TheLawDictionary.org defines champerty as "the carrying on a suit in the name of another, but at one’s own expense, with the view of receiving as compensation a certain share of the avails of the suit."