Funding Behind a Big Social Media Trial: Litigation Finance

Happy Friday! When I saw that Mark Zuckerberg was set to testify during a landmark trial over social media addiction, I had a hunch there was funding involved. Turns out I was correct....

According to public records, one of the lead law firms in the litigation, Social Media Victims Law Center, has a funding arrangement with Flashlight Capital going back to June 2024.

This litigation is an interesting one for funders. There could be billions of dollars’ worth of liability for tech companies it what has been called a potential “Big Tobacco moment.” But a lot depends on how ...