Shine A Light On 3rd-Party Litigation Funding
By John H. Beisner | December 11, 2017, 9:45 PM EST
The federal judiciary’s Advisory Committee on Civil Rules is now actively considering a proposal that would require the disclosure of third-party litigation funding arrangements — the practice in which companies “invest” in litigation — in all civil actions in federal court. While reasonable minds can disagree on the propriety of TPLF in the abstract, there is a growing consensus that these arrangements should, at the very least, be disclosed. And for good reason. Informing the court and all parties of the usage of TPLF at the...