Third party litigation funding has become a lucrative investment practice in theUnited States with investors funding lawsuits, gambling on a verdict they hope will pay off in big bucks.
But litigation funding creates a major risk to national security by opening a path for foreign adversaries to infiltrate the American litigation system and undermine national economic and security interests.
The U.S. Chamber of Commerce Institute for Legal Reform’s ILR Briefly: A New Threat: The National Security Risk of Third Party Litigation Funding warns the China Investment Corporation (CIC), China’s sovereign wealth fund, could finance a suit against an American company in a sensitive industry such as military technology and “obtain highly confidential documents containing proprietary information regarding sensitive technologies from the American defendant corporation.”
CBS’ weekly news program “60 Minutes” aired a report on the lack of oversight concerning litigation funding. Click here to watch that video.
You can read the Institute for Legal Reform’s full report by clicking the button below:
Sign Up for Trivia Night!
There's still time to register for The State Chamber Research Foundation Legal Center’s first annual Oklahoma Politics, Pundits & Pints Trivia Night Fundraiser! If you're an expert on Oklahoma politics then Trivia Night is theperfect chance for you to flex your Sooner State political knowledge!
When: Jan. 12, 2023
Where: Twisted Spike Brewing Co., 1 NW 10th St., Oklahoma City
Time: The event kicks off with happy hour and good eats at 4:30 p.m.
Team trivia begins at 5:30 p.m.
Cost: $400 team of six, $75 individual tickets
The deadline to register is Jan. 6.
Sponsorships are available for $2500. Contact Stephanie Snyder for more info.
All funds raised will go towards The State Chamber Research FoundationLegal Center. The State Chamber Research Foundation is recognized as tax-exempt by the IRS under Section 501 (c)(3).