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3 Things To Know About Congress' New Litigation Funding Bill

Law360 (May 18, 2018, 8:04 PM EDT) -- A recent bill introduced in the U.S. Senate that sponsors say will discourage “gambling” by the multibillion-dollar litigation funding industry is far from the first effort to regulate private legal investors.

A handful of states have laws in place that require consumer disclosures, put limits on the return rates for lenders, or both; other states, including New York, are considering their own laws. Six U.S. federal appeals courts also have some kind of disclosure requirement for parties backed by litigation funders, as do two dozen federal...
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