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Cloaked in secrecy, neither the terms of litigation financing agreements nor the attendant scuffles between financier and claimant, are typically aired in public. That changed for about...
WASHINGTON (Legal Newsline) - A congressional committee will hear testimony today on how hedge funds and activists are financing litigation for private profit and political goals Republicans say are “otherwise unattainable through the legislative process.”
Democrats largely declined to engage with the topic of a Wednesday hearing and spent their time talking about Supreme Court ethics issues.
United States House Committee on Oversight and Accountability
Lesley Stahl reports on the relatively new industry of litigation funding, which one law professor says is quietly transforming the judicial system, with very little regulation.