Hulk Hogan Case Stirs Funding- Disclosure Debate

The litigation-funding industry has been gaining prominence in the U.S. for years, with sophisticated investors increasingly taking a stake in commercial lawsuits. But the revelation that Silicon Valley entrepreneur Peter Thiel backed Hulk Hogan’s invasion-of-privacy lawsuit against Gawker Media is rekindling a debate about the need for transparency in such arrangements.

Funders are typically under no legal obligation to disclose their involvement in a lawsuit, just as plaintiffs and defendants for the most part aren’t required to detail how they are paying for a case.

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