[thinden]

A major financial story is unfolding in the English courts that perfectly highlights the problems with the worldwide litigation funding sector and why Congress needs to step in to stop this new model of litigation from becoming entrenched in the American legal system.

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seems to me that the EU’s litigation funding “industry” is constantly suing “Big Tech” as a regular source of revenue

APPL, GOOG, META are recent examples, imo

they can't compete with big tech, but the can sue them for their cut?

[Sobieski at Kahlenberg Mtn.]

It isn’t necessarily who is being sued that’s the problem.

The issues are 1)....how third-party litigation funding has become a vehicle for unknown parties — foreign sovereign wealth funds, activist hedge funds, entities with geopolitical agendas — to bankroll lawsuits in American and British courts while remaining completely hidden from public view.

2) President Trump has spent his career exposing the ways powerful institutions are weaponized against ordinary people. This is one of the most under-the-radar examples. When a hedge fund bets $767 million on a class action, 400,000 real human beings with real claims become, functionally, a commodity. Their pain funds a financial instrument. Their resolution becomes secondary to the return on investment.