"Due to the lack of transparency in [third-party litigation funding] arrangements, parties to litigation and judges are oftentimes not aware of potential conflicts of interest, have no reasonable way of gauging improper outside influence by funders on litigation strategy or settlement decisions, or other ethical concerns with funding arrangements," said Anthony Anastasio, president of the New Jersey Civil Justice Institute.
February 29, 2024 at 03:12 PM
5 minute read
Civil litigants in the Superior Court of New Jersey won’t have to reveal third-party litigation funding, at least for now, after a court committee declined to mandate disclosure of such arrangements.
The New Jersey Civil Justice Institute asked the state Supreme Court to adopt a rule making litigation funding disclosure mandatory, but the court’s Civil Practice Committee declined to do so in a report made public Feb. 2.
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