Mystery Ad Blasts Litigation Funders: The Brief

Mystery Ad Spotlights Looming Tax Fight for Litigation Financers

A MYSTERIOUS AD attacking the niche litigation funding industry and plaintiffs’ bar recently aired on a sports podcast, coinciding with a push by congressional Republicans to include a 41% levy on litigation finance profits in their sweeping tax and spending cuts bill, Emily R. Siegel reports.

• “Shadowy overseas funders are paying to sue American companies in our courts,” said a voice in the ad that aired June 1 for Washington-area listeners of The Totally Football Show with James Richardson, “and they don’t pay a dime in US taxes if there is ...