Alex Dahl, general counsel with Lawyers for Civil Justice.Congress and Courts Are Considering Litigation Financing: Is Disclosure Imminent?
A federal rules committee last month agreed to look at whether to disclose litigation financing, and a bill is pending in Congress.
November 25, 2024 at 12:11 PM
8 minute read
What You Need to Know
- A bill in Congress could move forward given the incoming Republican leadership in Washington, D.C.
- At its Oct. 10 meeting, a federal rules committee agreed to take up whether to require disclosure of litigation financing.
- The move for disclosure comes amid large growth in the use of litigation financing.
Everybody’s talking about litigation financing, from Congress to the courts, but could a requirement to disclose such contracts be around the corner?
Some states and judges already require some form of litigation funding disclosure, but, last month, a federal rulemaking committee decided to look at the issue. And, although previous federal legislation requiring disclosure failed to pass, a current bill in Congress could move forward given the increased prevalence of litigation financing and incoming Republican leadership in Washington, D.C.
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