Analysis

Critics Pushing Back On 3rd-Party Funding Disclosure Rule

Law360, New York (June 21, 2017, 7:08 PM EDT) -- Litigators, legal industry experts and financiers are reacting with skepticism to the U.S. Chamber of Commerce's renewed push earlier this month for a change to federal civil procedure rules mandating the disclosure of third-party litigation funding arrangements, saying the organization's bid is dubiously argued, hasty and unnecessary.

The June 1 petition, written by the Chamber Institute for Legal Reform president Lisa A. Rickard and endorsed by over two dozen groups, including local chambers of commerce and insurance and defense trial lawyer organizations, proposes that Rule 26 be amended to require the initial disclosure of any funding agreement in which a nonparty...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!