US Chamber of Commerce raises concerns over lack of regulation of litigation funders as Chevron settles fraudulent case

11th May 2015

U.S. Chamber of Commerce has raised concerns over the near-complete absence of regulation of third-party litigation financing anywhere in the world, as Chevron has reached a settlement with Woodsford Litigation Funding, which provided $2.5 million in funding to the fraudulent lawsuit against Chevron in Ecuador.