The President of the U.S. Chamber of Commerce has penned an opinion piece stating that litigation financing “leads to more lawsuits, undercuts plaintiffs’ control of a case, and unnecessarily prolongs litigation.”
Lisa Rickard’s op-ed article quoted recent news reports about how litigation funders have said they “make it harder and more expensive to settle cases.”
She praised the recently-enacted Wisconsin legislators who passed “the first state law requiring transparency for all third-party funding arrangements” and said that Congress should recognize the “vital” need for court “oversight of outside funding which undermines fairness and ethical practice” by passing the Litigation Funding Transparency Act.
Her piece, Who’s Behind The Curtain? Congress Needs To Require Third-Party Litigation Disclosure, is available here.