Litigation Funding Bill Lacks Policy Rationale

By Matthew Harrison (May 16, 2018, 2:40 PM EDT) -- On May 10, 2018, Sens. Chuck Grassley, R-Iowa, Thom Tillis, R-N.C., and John Cornyn, R-Texas, introduced a bill titled "The Litigation Funding Transparency Act of 2018,"[1] which would require disclosure of litigation funding arrangements (including the funding agreements themselves) in any federal class action and any federal claim that is aggregated into a federal multidistrict litigation, or MDL, proceeding. One purported purpose of the bill, according to Sen. Tillis, is to "keep the civil justice system honorable and fair."...

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