Shining a Light on “Opaque Capital”

Nora Freeman Engstrom of Stanford Law School critiques a recent paper by Samir D. Parikh entitled Opaque Capital and Mass-Tort Financing, arguing that while a new breed of funders may appear to be distorting outcomes and hindering victims’ financial recovery, their involvement also has potential benefits, and no conclusions or policy responses should be made without first fully understanding who these funders are, how they operate, and the risks they pose.