Investors Lament ‘Anti-Foreign’ Litigation Funder Push
Federal legislation targeting foreigners who invest in US lawsuits is raising concerns among international financiers. The bill by Rep. Ben Cline (R-Va.) bans sovereign wealth funds from backing US litigation, potentially disrupting operations of funders such as Fortress Investment Group, Burford Capital, Omni Bridgeway, Ares Management Corp., Ellington Management Group and BlackRock…