CORPD – The News Desk

Flame and smoke rise over Lebanon as seen from Israel's border with Lebanon, in northern Israel, October 10, 2023. REUTERS/Ammar Awad/ File Photo Acquire Licensing RightsLONDON, Oct 10 (Reuters) - Israel launched a diaspora bond campaign on Tuesday to raise money amidst a war with Hamas, according to posts on social media sites linked with Israel Bonds."Israel Bonds has launched an international campaign to raise funds for the Jewish state that is at war," posts on LinkedIn, Instagram and X, the social media site formerly known as Twitter. "Invest in Israel bonds to provide the nation with financial resources at its darkest hour."According to its website, Israel Bonds - the country's borrowing vehicle for diaspora bonds - had $5.4 billion worth of outstanding bonds as of December 31, rep...

Sept 13 (Reuters) - A Johnson & Johnson attorney told the U.S. House Oversight and Accountability Committee on Wednesday that outside funding of mass torts personal injury claims has turned the civil justice system into “a money play: driven, funded and distorted by legal and financial entrepreneurs.”In written testimony, J&J assistant general counsel Aviva Wein urged Congress to enact laws (or endorse proposed changes to the federal rules for civil litigation) to require disclosure when outside financiers are backing plaintiffs. She also asked lawmakers to take on the job of regulating the litigation finance industry and to curb allegedly misleading advertisements designed to generate mass tort claims.A bevy of business groups, including the U.S. Chamber of Commerce, the National...

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Israel launches diaspora bond push to raise money amidst war with Hamas

Column: J&J wants Congress to halt litigation-funded mass torts ‘money play.’ Are lawmakers listening?