07/23/23: The Unlikely Adventures of David Grann
60 Minutes
CBS News
4 • 2.4K Ratings
🗓️ 24 July 2023
⏱️ 41 minutes
🧾️ Download transcript
Summary
Lesley Stahl reports on litigation funding, a relatively new multi-billion-dollar industry where investors fund lawsuits in exchange for a slice of the award. It can be lucrative and help level the playing field against big corporations with deep pockets, but it’s growing rapidly with few rules and little oversight. Shachar Bar-On and Jinsol Jung are the producers. The achievements of historically significant Black Americans are at risk of going unpreserved as important figures die without documenting their stories for future generations. Bill Whitaker explores how one organization is trying to prevent that by creating an expansive digital archive of first-person accounts of the Black experience. The Wager, the true story of an 18th-century open-water adventure that becomes a saga of shipwreck, anarchy, betrayal and murder. Jon Wertheim gets an inside look at Grann’s process – from his meticulous research at The National Archives in Britain to his unlikely journey to the scene of the crime on a small island off the coast of Chile.
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Transcript
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| 0:00.0 | Prime members, you can listen to 60 minutes ad free on Amazon Music. |
| 0:05.5 | Download the app today. |
| 0:07.4 | I'm Candace DeLong, and on my new podcast, Killer Psychie Daily, |
| 0:11.3 | I share a quick 10-minute rundown every weekday on the motivations and behaviors of the cold-blooded killers you read about in the news. |
| 0:19.7 | Listen to the Amazon Music Exclusive Podcast Killer Psychie Daily in the Amazon Music App. |
| 0:26.0 | Download the app today. |
| 0:30.0 | The app is available on Amazon Music. |
| 0:35.0 | Litigation funding is a new type of investment that's become a multi-billion dollar industry. |
| 0:41.0 | So these are all lawyers? |
| 0:43.0 | Indeed they are. |
| 0:44.0 | In essence, investors bet on the outcome of large lawsuits the way traders bet on stocks. |
| 0:50.0 | How often are you right? |
| 0:52.0 | We're right about 90% of the time and we're wrong about 10% of the time. |
| 0:56.0 | The problem is this market is exploding with nearly no rules or oversight. |
| 1:03.0 | It's almost just like going into the profile of all the fame. |
| 1:07.0 | This is big for me. |
| 1:09.0 | That's Jerry Rice, the NFL's greatest all-time wide receiver, |
| 1:13.0 | talking about having his family's backstory, |
| 1:16.0 | included in something called the History Makers, |
| 1:19.0 | an expansive digital archive of first-person accounts from a who's who of Black Americans, |
| 1:25.0 | created by a non-partisan nonprofit organization. |
| 1:29.0 | There are 3,500 interviews so far, now stored at the Library of Congress. |
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