Big Business Lobby Tries To Hobble Litigation Finance, Again

Law360, New York (June 6, 2017, 8:01 PM EDT) -- The U.S. Chamber of Commerce, and its affiliated Institute for Legal Reform, tout the lofty goals of promoting a free market approach to innovation and growth,[1] being committed to small businesses,[2] and fighting for the belief that “[e]very American who has been legitimately wronged deserves his or her day in court.”[3] Yet their repeated attempts to thwart the litigation finance industry run directly contrary to these positions. Instead, the Chamber is promulgating regulation designed to hamper and constrain litigation finance, a free market solution to the high financial barriers to our justice system.

In its most recent petition advocating mandatory disclosure...

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