Litigation Funding Helps Level the Legal Playing Field |
Should legitimate claims get full consideration in courts of law? That question is before the House Judiciary Committee tomorrow as it considers a bill that could make it harder to bring certain legal actions—harder, that is, unless you have very deep pockets. The House Judiciary Committee will take up legislation vaguely titled: “The Protect Third Party Litigation Funding from Abuse Act.” Conservatives, and anyone who believes in access to justice, should be concerned.
Nearly all lawsuits are expensive, but some are much more expensive than others. Consider a retiree whose investment account has been compromised when fund managers adhere to radical ESG politics. To sue for breach of fiduciary duty can involve extensive discovery and analysis by expert witnesses. Even a slam-dunk case might cost six or seven figures to........