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Op-Ed: Paul Kong: The commercial litigation finance industry responds to Sen. Tillis’s punitive tax bill
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Op-Ed: Paul Kong: The commercial litigation finance industry responds to Sen. Tillis’s punitive tax bill
Last week, the Wall Street Journal editorial board launched a baseless and sloppy attack against litigation finance on behalf of Big Business, Big Insurance, Big Tech, and Big Pharma.The editorial — entitled Ending a Tax Break for Lawsuits — promoted Sen. Thom Tillis (R., N.C.) and Rep. Kevin Hern’s (R., Okla.) Tackling Predatory Litigation Funding Act, which would impose a punitive tax on investors, including institutional investors and pension…
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