Facebook loses bid for litigation funder info in trade secrets lawsuit

A US Magistrate Judge has denied Facebook Inc‘s request for litigation funding information in a trade secrets lawsuit being pursued by Neural Magic Inc, an artificial intelligence startup. According to the startup’s filing, Facebook and a former employee sought information on the litigation funder’s identity and the nature of the funding agreement. The judge found the requested information irrelevant or “not proportional to the needs of the case.”

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Republican state AGs sound alarm over foreign litigation funding

In a letter addressed to US Attorney General Merrick Garland, a group of 14 Republican state attorneys general warned of what they called potential economic and national security threats posed by investments in US lawsuits by “foreign adversaries”, and asked the US Department of Justice to describe what the federal government has done to address concerns related to third-party litigation funding.

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