New Jersey Sees New Battle Over Litigation Finance Disclosures

A fight is brewing in New Jersey over a proposal that would force litigants to tell their adversaries when they’ve received third-party investments to pay for lawsuits.

Litigation finance companies and an industry group urged New Jersey’s federal court to abandon a proposed rule that would require the disclosure of so-called litigation finance, according to comments filed with the local clerk and obtained by Bloomberg Law.

The U.S. Chamber of Commerce, a frequent critic of the growing litigation finance industry, said in its comment that the proposal was essential to “fair” and “ethical” civil litigation. The Chamber has criticized litigation ...