Senators Move to Shine a Light on the Litigation Funding Industry
Reintroduce the Litigation Funding Transparency Act
By Lisa A. Rickard
President, U.S. Chamber Institute for Legal Reform
Billions of dollars are being invested in lawsuits by sophisticated hedge funds that, according to some of these firms, yield huge money for them. Yet neither the defendant, nor in many cases the actual plaintiffs, have any idea that this is happening.
That’s why today, Sens. Chuck Grassley, John Cornyn, Thom Tillis, and Ben Sasse
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Virginia Should Pump the Brakes on Increasing Auto Insurance Rates
Drivers in the Commonwealth of Virginia enjoy some of the lowest auto insurance rates in the U.S. But its House of Delegates is considering giving the green light to a bill that could potentially raise insurance rates for drivers and give the trial bar an E-Z Pass to file more lawsuits.
Senate Bill 1117 would bring ambiguity to a law that already provides strong protections for consumers. Currently, the Commonwealth gives drivers the right to file a complaint with the Virginia Bureau of Insurance
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30 General Counsel Urge Transparency for Litigation Funding
Group Refutes Funders’ Claim that Business Community Widely Relies on Practice
By Lisa A. Rickard
President
U.S. Chamber Institute for Legal Reform
As bone-chilling cold grips a large part of the country, a group of 30 general counsel and senior litigators from major U.S. companies gave a cool reception to third party litigation funding (TPLF) in a letter sent today to the Advisory Committee on Civil Rules. The
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