Litigation Finance Industry Faces Fresh Calls for Disclosure (2)

Rep. Darrell Issa (R-Ca.) introduced federal legislation that would require disclosure of litigation funding in civil lawsuits.

The bill, submitted late Friday, aims to require all named parties in a civil action to identify a person who has the right to receive payment contingent on the outcome of a civil action or group action. It would also require parties provide a copy of any agreement regarding funding tied to the outcome of the case to all named parties.

“Our legislation targets serious and continuing abuses in our litigation system and achieves a standard of transparency that people deserve and our ...