Litigation Finance Disclosure Legislation Vetoed in Louisiana

Louisiana Governor John Bel Edwards vetoed legislation to require disclosure of litigation finance agreements, a setback for efforts to clamp down on the lawsuit funding tool.

The bill would have given large corporations a tactical advantage in the state civil cases the bill applied to, Edwards, a Democrat, said in a Thursday letter explaining his veto.

“This piece of legislation is clearly a pretense designed to gain a litigation advantage under the guise of promoting transparency in litigation and protecting national security,” he wrote.

The legislation was part of a push in several states to restrict the opaque litigation finance ...