Congress and Courts Are Considering Litigation Financing: Is Disclosure Imminent?
A federal rules committee last month agreed to look at whether to disclose litigation financing, and a bill is pending in Congress.
A federal rules committee last month agreed to look at whether to disclose litigation financing, and a bill is pending in Congress.
For 14 years advocacy organisations have pushed the government for regulations on the legal finance industry and they are finally making headway in Congress and the federal judiciary.
“These massive companies would like the courts to believe that they are only interested in ‘transparency’ and ‘fairness. But their effort is about solidifying their unfair advantage in the justice system.” – Kristen Osenga, Inventors Defense Alliance
“If we don’t allow them to have funding, your patent has no value to you, because you can’t afford a sustained litigation battle,” says Kristen Osenga of the Inventors Defense Alliance
Patent experts, including a former Federal Circuit chief judge, former federal officials and current legal scholars, say a new advocacy organization they have formed will back smaller inventors against larger companies in patent fights.
A new inventors’ rights group was launched Thursday, September 19, with the aim of “helping startups, small businesses, and entrepreneurs defend their intellectual property rights and access capital.”