NJCJI President Anthony Anastasio discussed third-party litigation funding with the New Jersey Law Journal and shared his insights about how these outside interests influence mass tort litigation in New Jersey. Plaintiffs’ lawyers increasingly use third-party investors’ money to pay for mass marketing campaigns to persuade consumers that they are victims of alleged defective products and are entitled to compensation. In turn, the sheer size of these campaigns can result in a torrent of claims and force the targeted businesses into massive settlements to avoid the high cost of litigation. Last year, NJCJI successfully persuaded the United States District Court for the District of New Jersey to adopt disclosure requirements for these types of investments. Since then, these disclosures have revealed the existence of third-party funding in mass tort litigation.
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