The Law for Lawyers Today

The Law for Lawyers Today

Ethics, Professional Responsibility and More

Tag Archives: alternative litigation funding

Bring third-party funders out of “the shadows,” U.S. Chamber asks federal rules committee

Posted in Conflicts, Fees, Law Practice Management
Litigation funding is in the news again, with the U.S. Chamber of Commerce spearheading a request to amend the Federal Rules of Civil Procedure to require initial disclosure of all third-party agreements for compensation that are “contingent on, and sourced from, any proceeds of the civil action, by settlement, judgment or otherwise.” The Chamber joined… Continue Reading

For the first time, court requires “litigation funders” to be disclosed — but only in class actions

Posted in Fees
On January 26, the U.S. District Court for the Northern District of California became the first to mandate disclosure of litigation funding that parties in class actions receive from outside sources, under a revision to the court's standing order applicable to all cases. The rule provides that "in any proposed class, collective or representative action, the required disclosure includes any person or entity that is funding the prosecution of any claim or counterclaim."… Continue Reading