The Advisory Committee on Civil Rules has made the decision to establish a subcommittee dedicated to examining the potential development of a rule mandating the disclosure of litigation funding in civil cases within federal district courts. This initiative, announced on October 10, is aimed at fostering a comprehensive discussion around this topic, ensuring a balanced approach that considers various stakeholders’ interests.
Stewart Ackerly of Statera Capital lauds this development, emphasizing the importance of a thorough and deliberative process in creating such a rule. The involvement of the Advisory Committee positions it as a suitable platform to address these funding disclosure concerns and to facilitate necessary revisions to the Federal Rules of Civil Procedure. For additional insights, you can find more information in Ackerly’s commentary published by Law360 here.