Litigation Funding Transparency Act: New Rules for Class Action Investors
This law requires parties in large lawsuits to reveal who is paying for their legal costs, especially if the money comes from foreign entities. It ensures that outside investors cannot control legal strategies or settlement decisions that affect regular citizens.
Key points
Mandatory disclosure of third-party funders in class actions and mass lawsuits.
Prohibition on funders controlling legal decisions, strategy, or settlement negotiations.
Increased oversight of funding from foreign governments and sovereign wealth funds.
Regular public reports on the influence of outside money in the court system.
Restrictions on funders' access to confidential discovery materials without court approval.
Status:
Introduced
Civic Will
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.