Litigation Funders Push Back On Proposed Disclosure Rules
Law360 (February 21, 2019, 7:57 PM EST) -- A group of litigation funding companies has fired back at groups advocating for proposals that would require litigants to disclose third-party funding arrangements, telling federal court administrators the change was unnecessary and calling a recent letter in support of it a "PR stunt."
Executives from Therium Capital Management, Bentham IMF and Burford Capital told the Committee on Rules of Practice and Procedure with the Administrative Office of the U.S. Courts on Wednesday that judges already had mechanisms to investigate financial relationships if the court deemed it necessary and that requiring blanket disclosure in all cases went too far.
They also asserted...
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