Calif. Court Requires Class Actions To Name Outside Funders
Law360, Los Angeles (January 24, 2017, 10:11 PM EST) -- The U.S. District Court for the Northern District of California on Monday posted a rule change requiring plaintiffs in proposed class, collective and representative actions to disclose any third-party funders of their litigation, issuing a more limited requirement than it initially proposed last year.
The rule change comes as a provision added to the Northern District’s standing order for all judges, and requires groups to reveal anyone financing the prosecution of claims or counterclaims. The disclosure calls for each party to reveal any interest that could be substantially affected by the outcome of the suit, according to the standing rules....
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