The battle over third-party litigation funding is heating up as states take a closer look at who is financing lawsuits behind the scenes. North Carolina recently became the first state to ban the practice, but litigation funders are already finding other ways to invest, including through private equity and management services organizations. Dr. Robert Hartwig, director of the Center for Risk and Uncertainty Management at the University of South Carolina, says more transparency is needed, stating that “there should also be mandatory disclosure of TPLF involvement in cases even when there is no foreign investment involved.” With funding strategies continuing to change, states may have a harder time keeping regulations up to speed. To read more about this issue, click here.