Claimants Shouldn't Be Forced To Disclose Litigation Funding
Law360 (June 11, 2018, 3:42 PM EDT) -- On May 10, 2018, Republican Senators Chuck Grassley, R-Iowa, Thom Tillis, R-N.C., and John Cornyn, R-Texas, introduced a bill called The Litigation Funding Transparency Act of 2018. Despite the many rejections of automatic disclosure rules for litigation funding arrangements by the Advisory Committee on Rules of Civil Procedure to date, after careful consideration of the proposals by that committee, the bill would require a claimant to reveal the existence of litigation funding and terms themselves in any federal class action and any federal claim aggregated into a federal multidistrict litigation proceeding.
In the wake of that announcement, many members of the...
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