Ohio investor

Ohio has moved to restrict third-party litigation funding by banning investment from international funders, according to Law.com. The measure targets foreign money in lawsuits, where outside investors finance legal actions in exchange for a share of any settlement or judgment. It signals a broader push among US states to tighten oversight of the growing litigation finance industry and limit overseas involvement in American court cases.

An Ohio-based investor has purchased a retail plaza in Pinellas County, Florida, according to a report by Business Observer. The deal adds to ongoing out-of-state interest in Tampa Bay area commercial real estate, where investors have been actively acquiring retail properties. Details on the purchase price and tenants were not disclosed in the initial report.