Litigation Funders Fight 41% Tax in Senate Bill, Warn of Harm

Funders, including Bill Farrell of Longford Capital Management, are speaking out against the proposed tax, saying it would discourage lawsuits, knock out the litigation funding industry, and effectively undermine access to justice. More from Bloomberg Law (subscription required).

Legal scholar Brian Fitzpatrick of Vanderbilt Law agrees, writing that the tax is discrimination that helps big businesses. More from Bloomberg Law.