ABSTRACT
A billionaire spends $10 million to finance lawsuits that ultimately bankrupt a media company after it published personal details about him. Two major philanthropic organizations financially back litigation efforts to defend tobacco-control laws against lawsuits brought by the industry. A pastor forms a nonprofit that raises millions to tear down gun laws through aggressive lawsuits. A litigation finance company successfully bankrolls a small company’s case against a huge international corporation that stole its trade secrets. These are just a few examples of third-party litigation funding wherein a non-party provides financial support to a litigant, often for profit. Some were kept secret until journalists uncovered them. Some were widely publicized right from the start. And this unlikely mélange of cases complicates efforts to regulate third-party litigation funding disclosures with a single rule …
Endo, Seth Katsuya, Targeting Third-Party Litigation Funding Reform (December 10, 2024).
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