A new bill regulating the litigation finance industry was approved by Kansas Governor Laura Kelly this week.
The bill is being touted as a compromise between warring lobbying groups. The International Legal Finance Association and the Kansas and US Chamber of Commerce negotiated aspects of the bill that are often sticking points, including funders from other countries and the amount of detail required in disclosures. While federal bills have stalled out, state bills have passed with moderate success. It’s unclear how popular Kansas is as a locale for litigation funding due to the confidential nature of the sector.
The two ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.