Opioid MDL Order Shows Need For Broad Funding Disclosure

Law360 (May 31, 2018, 2:47 PM EDT) -- The question of how courts should handle third-party litigation funding agreements took center stage in the national opioid multidistrict litigation proceeding on May 7, 2018. Judge Dan Polster of the Northern District of Ohio ordered every lawyer in the opioid MDL to disclose whether their cases are being financed pursuant to third-party litigation funding, defined by the court as “any agreement under which any person, other than an attorney permitted to charge a contingent fee representing a party, has a right to receive compensation that is contingent on and sourced from any proceeds of an MDL Case, by settlement, judgment, or...

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