Midwest Athletics and Sports Alliance LLC v. Ricoh USA, Inc. DC CAFC

With the litigation finance industry reporting record fundraising amid the COVID-19 recession, the impact of third-party funders on the litigation landscape looks poised for continued growth. Expect the debate over disclosure of third-party litigation funding to heat up, as an increasing number of plaintiffs launch campaigns backed by wealthy investors—and their targets argue for greater transparency into funding arrangements. Meanwhile, in recent months, two decisions in patent cases have caught the attention of those monitoring discoverability of third-party funding agreements and communications between patent holders and funders.