The commodification of lawsuit funding is a somewhat ingenious concept that may indeed help smaller companies win their day in court, but it also opens the door to even more bad faith participation in the justice system.

That’s why this industry needs a second look, and needs some guardrails to ensure consumers don’t end up facing higher prices because every company on the market is tied up in frivolous lawsuits.

Americans deserve a legal system that is not only accountable and fair, but transparent. Those gambling on the outcomes of our judicial system should be able to take the risk, but we deserve to know who they are.