Righthaven, the Nevada company that is suing people all over the internet for “copyright violations” is in serious financial troubles:

Despite its backing by the billionaire Warren Stephens family, Las Vegas copyright lawsuit filer Righthaven LLC warned today it may have to file for bankruptcy because of a series of setbacks in its litigation campaign.

The warning came in an emergency request by Righthaven to a federal judge in Las Vegas that he stay his order that Righthaven pay $34,045 in legal fees to attorneys who successfully defended Kentucky message board poster Wayne Hoehn against a Righthaven lawsuit.

Righthaven has already appealed U.S. District Judge Philip Pro’s fee award to the 9th U.S. Circuit Court of Appeals.

Righthaven is also appealing the underlying rulings by Pro finding Righthaven lacked standing to sue Hoehn and – even if it had standing – that Hoehn was protected by fair use in posting an entire Las Vegas Review-Journal column on a sports betting website message board.

Righthaven says its lawsuits are necessary to deter rampant online infringement of newspaper content, but attorneys for Hoehn and other defendants claim Righthaven’s suits are frivolous and are based on sham copyright assignments and are merely part of a get-rich-quick scheme.

Warren Stephens is a big time contributor to the right and blue dogs. What I find really interesting about that is how the right has a long history of despising lawsuits and constantly pushed for tort reform. I just wonder if any of the Republicans Stephens has given to will return his money for going against a cornerstone of GOP principals like this? What say you David Vitter and Michele Bachmann, two recipients of Stephens money?