RNC Funding of Trump's Legal Campaign Undermines GOP State AGs' Attack on Litigation Funding - Litigation Finance Journal

[Gunnar Larson]

> Check out my new article:
> https://litigationfinancejournal.com/rnc-funding-of-trumps-legal-campaign-undermines-gop-state-ags-attack-on-litigation-funding/
>
>
> Litigation Finance Journal recently reported on a group of 14 state
> attorneys general that have called for action from the Department of
> Justice to review potential threats to U.S. national security from foreign
> adversaries’ engagement of litigation investment. Litigation funders and
> industry advocates have new ammo in response to the AGs’ claims, given
> recent news of the RNC funding former President Donald Trump’s various
> legal entanglements.
>
>
> According to ABC News, RNC leaders earmarked $1.6M in legal funding to
> support President Donald Trump’s defense over lawsuits brought by New York
> Attorney General Letitia James. Meanwhile, the United States Chamber of
> Commerce Institute for Legal Reform’s research has prompted 14 state
> attorneys general to ask for the Justice Department to assess national
> security risks of adversaries ‘undermining’ the United States by engaging
> litigation funding and third party investment vehicles.
>
> The group of 14 state attorneys general are concerned about foreign
> adversaries ‘weaponizing’ United States legal frameworks via litigation
> investment, to attack critical national industry and infrastructure, such
> as energy sectors. The group of 14 seeks the Department of Justice to
> detail how a network of federal agencies could engage a blueprint for
> defending United States independence from international litigation
> investors, hostile groups, agencies or governments such as Russia and China.
>
> This latest attack on the industry, prompted by the U.S. Chamber of
> Commerce, is simply another attempt to undermine the nascent and growing
> litigation funding sector. It is ironic, given that in the case of Consumer
> Legal Funding–which the Chamber specifically targets–the funding in
> question does not go to support legal fees, but rather to finance
> claimants’ livelihoods while they remain injured and unable to work.
>
> While the RNC’s funding of Trump’s legal battles does not constitute
> foreign investment, it illustrates the acceptance of third party legal
> funding across political lines, and should be noted by industry advocates
> looking to respond to the negative publicity put forth by the U.S. Chamber.
>
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