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Home – Courts News – Foreign Money Is Gaming Our Courts. American Families are Paying for It.

Foreign Money Is Gaming Our Courts. American Families are Paying for It.

For years, Democrats screamed about “foreign interference.” But while they were chasing ghosts on cable news, foreign influence was infiltrating our courts right here at home—making a killing and sticking American families with the bill.This is why the Tackling Predatory Litigation Funding Act, introduced by Rep. Kevin Hern, R-Okla., is so important. It will stop a growing industry that is letting outside foreign investors with anti-America First interests bankroll lawsuits in the U.S.  in exchange for a cut of the winnings. Think hedge funds, but instead of investing in companies, they’re betting on court outcomes.Much of that money is coming from foreign sovereign wealth funds. These funds are gaming lawsuits against American businesses, winning big, and then sending the profits straight out of the country.Most of these suits are weak—the kind that would have never been filed, or would have quickly fizzled out, if not for deep-pocketed backers looking to turn litigation into a payday.These funders don’t care if the cases ultimately succeed; they just want settlement money. Americans have spent years worrying about foreign control of supply chains and tech. But we’ve ignored the fact that our legal system is now open for business to shadowy overseas interests.This should concern anyone who believes........

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