Ohio to Join Growing List of States Regulating Litigation Funding

Ohio is the latest state to approve legislation regulating the litigation finance industry that prohibits foreign investment.

On Wednesday the state House concurred on the legislation (HB 105) and it now awaits signature by Gov. Mike DeWine. The bill requires both commercial and consumer funders to register with the state and disclose funding agreements to the attorney general after cases resolve.

The bill also prohibits funders from influencing how lawsuits are handled or settled and from receiving investment and entering funding agreements with individuals or entities domiciled outside the US.

HB 105 was introduced by Republican legislators in ...