May 30, 2023
Are wealthy funding lawsuits for profit and power?
The practice of billionaires intervening has been going on for a while but hasn’t been thought of as litigation funding.
Shortly after news that venture capital giant Vinod Khosla is financially backing medical technology startup AliveCor in its infringement litigation against Apple Inc., litigation funding experts weighed in on the possible motivations behind rich people choosing to pour money into lawsuits.
An attorney familiar with litigation funding, speaking on the condition of anonymity, said in an interview Friday billionaires have a multitude of rea...
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