May 27, 2016 - In the wake of Hulk Hogan's successful suit against Gawker Media, which was financed in part by billionaire tech entrepreneur Peter Thiel, professor Anthony Sebok wrote in an opinion piece for the New York Times that "there is no reason, other than irrational prejudice," to prohibit third-party litigation financing.

"The fact that the money for a lawyer comes from someone other than the person named on a caption of a legal document does not change the facts of the lawsuit," Sebok writes in the opinion piece. "It doesn’t make the facts stronger or weaker. It doesn’t change the law. All it does is make it more likely that it will see a courtroom, and that the defendant will be judged for what he or she did. And that is reason alone to allow it to happen."

Read more in The New York Times