#Latest news with #litigationfinanceWall Street Journal4 days agoBusinessWall Street JournalEnding a Tax Break for LawsuitsWhy are foreign investment funds that finance predatory lawsuits against U.S. companies allowed to dodge taxes on their legal payouts? Good question, and now North Carolina Sen. Thom Tillis and Oklahoma Rep. Kevin Hern are seeking to close this anti-growth loophole. Third-party litigation financing has exploded in recent years as private investment funds chase high returns goosed by America's tort-friendly legal system. Investors give law firms money to recruit plaintiffs and file often meritless lawsuits against companies in return for a share of the eventual settlement or judgment.
Wall Street Journal4 days agoBusinessWall Street JournalEnding a Tax Break for LawsuitsWhy are foreign investment funds that finance predatory lawsuits against U.S. companies allowed to dodge taxes on their legal payouts? Good question, and now North Carolina Sen. Thom Tillis and Oklahoma Rep. Kevin Hern are seeking to close this anti-growth loophole. Third-party litigation financing has exploded in recent years as private investment funds chase high returns goosed by America's tort-friendly legal system. Investors give law firms money to recruit plaintiffs and file often meritless lawsuits against companies in return for a share of the eventual settlement or judgment.
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