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Litigation funder backs cases over NJ law shielding info on judges, officials



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Updates company comments in paragraphs 7-8

By Nate Raymond

Oct 11 (Reuters) -A data-deletion firm that has filed over 140 lawsuits against businesses accused of running afoul of a New Jersey law designed to shield the release of addresses and other personal information of judges, police and prosecutors is being backed by a third-party litigation funder, according to court papers.

Atlas Data Privacy, a software firm that has been assigned claims by over 19,000 people eligible for protection under the law, disclosed it expected to soon deploy funding provided by Parabellum Capital in a Thursday filing in New Jersey federal court.

The New York-based litigation funder, which has over $1 billion in assets under management, spun out of Credit Suisse in 2012 and provides third-party funding to litigants in commercial disputes in exchange for a share of any recovery.

In January, it said it closed on its third private fund with total investor commitments of $754 million.

Often funding arrangements between plaintiffs and third-party litigation funders go undisclosed. But New Jersey's federal court in 2021 adopted a unique rule requiring litigants to detail when they have such funding.

Atlas, which is represented by PEM Law, Boies Schiller Flexner and Morgan & Morgan, said that it was receiving non-resource financing that would be "collateralized by litigation proceeds." It did not provide details on the financial terms of the arrangement.

An Atlas spokesperson in a statement said that the corporate data brokers it was suing were spending "enormous" sums of money on litigation and lobbying to weaken Daniel's Law and that it was thankful for Parabellum's support.

A spokesperson for Parabellum said it would "serve as a passive financial partner of Atlas, which is playing an important role in enforcing compliance with of one of the most meaningful privacy laws on record."

The disclosure came a week after various companies sued by Atlas went before U.S. District Judge Harvey Bartle in Camden to argue that its lawsuits should be dismissed on the grounds that the New Jersey law known as Daniel's Law violated the companies' free speech rights under the U.S. Constitution's First Amendment.

The measure was signed into law in 2020 by Democratic Governor Phil Murphy in response to the fatal shooting of the 20-year-old son of U.S. District Judge Esther Salas at her New Jersey home by a disgruntled lawyer.

The law, which has since been expanded, allows current and former judges, law enforcement, prosecutors, and other officials to request that private entities not disclose their home addresses or unpublished home phone numbers.

Companies that do not comply with an official's request to not disclose their information can be sued for damages.

A similar federal law named after Salas' son, the Daniel Anderl Judicial Security and Privacy Act, was enacted by Congress in late 2022 and protects judges by shielding their personal information online.

Atlas launched a wave of lawsuits earlier this year on behalf of individuals covered by the law against real estate businesses, marketing companies, data brokers and credit reporting agencies. Defendants include CoStar Group, Oracle Corp, Zillow and Thomson Reuters, Reuters' parent company.

Thomson Reuters in a statement said it was aware of the litigation funding but was focused on addressing the merits of the case. It said Daniel's Law "attempts to serve a laudable goal" but in its current form violates the First Amendment.

Individuals who assigned claims to Atlas to pursue in court stand to receive 65% of any judgment it recovers, according to a court filing filed on Thursday. It has contingency-fee arrangements with its law firms, according to another filing.

The case is Atlas Data Privacy Corp v. LightBox Parent LP, et al, U.S. District Court for the District of New Jersey, No. 22-4105.

For Atlas Data Privacy Corp: Rajiv Parikh of PEM Law, Mark Mao of Boies Schiller Flexner and John Yanchunis of Morgan & Morgan

For LightBox, et al: Kevin McDonough of Latham & Watkins

For New Jersey: Daniel Vannella of the New Jersey Office of the Attorney General


Read more:

New Jersey defends privacy law shielding judges, prosecutors

US judicial panel to examine litigation finance disclosure

Litigation funders howl as N.J. adopts disclosure requirement



Reporting by Nate Raymond in Boston

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