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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.”
A few years ago, commentators estimated there was $5 billion in litigation financing in the United States. Since then, the litigation funding industry has continued to grow. For good.