Terrence K. Williams, founder of Cousin T’s, has raised concerns about unregulated third-party litigation funding, stating that it allows undisclosed investors, including foreign governments, to finance U.S. lawsuits and potentially influence the courts. This statement was made on the social media platform X.
"Corrupt Judges & Lawyers are being funded with Shady Money," said K. Williams. "Big-time investors—hedge funds & even FOREIGN govs like CHINA—are secretly funding U.S. lawsuits to cash in BIG. They're bankrolling court cases like it's a casino, and NO ONE is allowed to know who's doing it. Currently, third-party litigation funding is not federally regulated, so funders are not required to disclose their identity, funding details, or motivations."
According to Congressional and agency reviews conducted in 2024–2025, there has been increased scrutiny of third-party litigation funding. Hearings have focused on entities such as Fortress Investment Group and Burford Capital, as well as potential connections to foreign sovereign wealth funds. A memorandum from the House Judiciary Committee in July 2025 and a report from the Government Accountability Office (GAO) in December 2024 highlighted transparency gaps and national security concerns. These findings have led to proposals for mandatory disclosure of funding sources in U.S. courts.
The U.S. market for third-party litigation funding was valued at approximately $15.2 billion in assets under management in 2024. However, new capital commitments declined by 14% in 2023 to $2.7 billion and fell another 16% in 2024 after reaching record highs in 2022. Despite this slowdown, funders like Burford Capital and Omni Bridgeway continue to expand into large commercial cases and law-firm portfolios.
The GAO reported that limited disclosure rules make it challenging to assess foreign investment levels accurately. Nonetheless, industry analysts have observed increased participation from sovereign wealth funds, particularly those based in the Middle East. The U.S. Chamber of Commerce’s Institute for Legal Reform has urged Congress to prohibit funding from foreign state-backed entities due to national security risks.
Williams is recognized as a comedian, author, and entrepreneur known for his conservative commentary and business ventures. He founded Cousin T’s food brand in 2021, which produces pancake mixes, syrups, and coffee products that he promotes alongside his media appearances and book releases.
Cousin T’s operates as a food and lifestyle brand selling breakfast products through its website and major online retailers. The company collaborates with Gourmet Provisions International Corp., which manages product distribution.