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Litigation Funding Transparency: New Rules for Class Actions.

New rules increase transparency in lawsuits, especially in class actions and multi-district cases. This means companies funding lawsuits will have to disclose their identity and agreements, potentially affecting the fairness of outcomes and compensation for citizens.
Key points
Companies funding class actions must disclose their identity and financial agreements.
Transparency rules also apply to lawsuits handled across multiple districts.
The changes apply to all ongoing and future legal cases.
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Additional Information
Litigation Funding Transparency Act of 2021
Print number: HR 2025
Sponsor: Rep. Issa, Darrell E. [R-CA-50]
Process start date: 2021-03-18