Viewpoint: Time to put limits on lawyers targeting corporations for huge legal payouts

In response to several bills introduced in both the US House and Senate seeking to put limits and disclosures on third-party litigation funding (TPLF) in our justice system, a narrative has crept up among some advocacy organizations and commentators that outside litigation funding is somehow indispensable to the fight against “woke” corporations.

Estimated to be a $13.5 billion sector of the economy, litigation funding has risen from the costly legal process. Individuals who allege some harm raise capital from outside interests in order to fund better lawyers and cases against defendants.

Increasingly, many of these litigation funders are connected to firms located in China, seeking to break patents or nullify intellectual property of business competitors.

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… [I]f we aim to have neutral justice that is both fair and transparent, it will mean ensuring we know who is funding various legal actions that often have impact on more people and industries than those involved in a case. 

This is an excerpt. Read the original post here.