Hot Air reports on the Fortune story that traces the role of litigation finance in the Chevron Ecuador lawsuit. The author of this piece excerpts portions of the detailed story and provides additional commentary and analysis:
Be sure to read the long and complicated story in its entirety, and consider this point as you do. Should we allow investors to incentivize nuisance claims and shakedown class-action suits and further damage our economic strength just to transfer money from corporations to other investors using the poor as a strawman? Or should we give the Puritans some long overdue credit and start cracking down on “champerty” again?