Maryan Alexander (Partner-Baltimore, MD) authored “Hot on the Money Trail,” published in CLM Magazine on January 15, 2025. Maryan discusses the far-reaching ramifications of the “burgeoning multibillion-dollar” third-party litigation funding (TPLF) industry that has disrupted the insurance and legal industries. Lack of transparency allows TPLFs to play a critical role in litigation strategy and to potentially shape case law and set precedent, all while operating in the shadows. TPLF practices have contributed to rising shock verdicts, carrying substantial costs for U.S. consumers and corporations, and posing a threat to national security and the U.S. economy. Maryan notes that transparency is critical in mitigating risks, as proposed solutions almost uniformly call for mandatory disclosures of TPLF arrangements, including the identity of funders and the contractual terms of the funding arrangement.