Federal lawmakers are seeking to put the reins on third-party investors bankrolling litigation. Rep. Darrell Issa, R-Calif., has introduced legislation aimed at requiring the disclosure of third-party financing deals in civil lawsuits. Concurrently, Rep. James Comer, R-Ky., has requested Chief Justice John Roberts to have the Judicial Conference review the practice. These measures represent a significant push towards transparency in litigation funding.
For more details on the legislative efforts and the scope of these proposed changes, you can read the full article on Law360.