Rep. Issa Says He Will Draft Litigation Finance Disclosure Bill

A house judiciary committee hearing on litigation finance in the IP space ended with Representative Darrell Issa (R-Ca.) saying he would draft disclosure legislation in the next 10 days.

The hearing dealt with a variety of concerns posed by detractors of the $15.3 billion industry in which investors fund lawsuits in exchange for a portion of a successful award. The debate surrounded how the presence of litigation finance should be disclosed and whether it would solve concerns witnesses had regarding national security and ceding control of lawsuits to funders.

“I believe that we’ve agreed that in fact more transparency at ...