Should enterprises be required to disclose who their investors are?
“Hulk Hogan Case Stirs Funding-Disclosure Debate,” The Wall Street Journal, May 28, 2016 B1. An investor loans Hulk Hogan $10 million to help fund the suit over the release of a sex tape by Gawker Media, which resulted in a huge verdict for the former wrestler.
Would knowing that the plaintiff is well-financed affect the defendant’s strategy, as some opponents of this practice claim? Is this information relevant at all to the resolution of the dispute on the merits? If the defendant has insurance, that is often discoverable.
What’s this information worth? What is it worth not to have to disclose such investors? What’s fair?