Federal Lawmakers Move to Regulate Third-Party Litigation Funding





Litigation Funding ‘Abuses’ Targeted By Federal Lawmakers

Federal lawmakers are taking steps to regulate the practice of third-party investors financing litigation. Representative Darrell Issa (R-Calif.) has introduced legislation that mandates the disclosure of third-party financing agreements in civil lawsuits. Meanwhile, Representative James Comer (R-Ky.) has requested that Chief Justice John Roberts have the Judicial Conference review this practice. This move reflects growing concern over potential ‘abuses’ and aims to enhance transparency in the legal system. For more detailed information, refer to the full text by Law360 here.