Unsubstantiated Arguments Against Third Party Litigation Funding by the U.S. Chamber of Commerce

In a recent article for the Litigation Finance Journal, Schulte Roth & Zabel partner Boris Ziser and associate John Schneider discuss the U.S. Chamber of Commerce's ILR Paper, arguing that it uses bad evidence and faulty assumptions.

“As famed British-American author and journalist Christopher Hitchens astutely observed, ‘exceptional claims require exceptional evidence.’ Alas, the U.S. Chamber of Commerce’s Institute for Legal Reform ('ILR’) overlooks Hitchens’ directive in its November 2022 paper ‘A New Threat: The National Security Risk of Third Party Litigation Funding’ (‘ILR Paper’). The ILR Paper, in short, makes an exceptional set of claims about the bad faith of American lawyers, the implied ineptness of our judges and the way our legal system functions, without providing the requisite evidence to back it up.”

Read the article here.