By K. R. Nelson | Oct 17, 2024
On October 7, Rep. Darrell Issa (CA-48) and Rep. Scott Fitzgerald (WI-5) introduced the Litigation Transparency Act of 2024, a bill aimed at reforming third-party litigation funding (TPLF) by mandating the disclosure of financial backers in civil lawsuits. This legislation directly addresses the growing concern that undisclosed financiers, including hedge funds and foreign entities, are driving lawsuits that place higher burdens on small businesses and large industries alike.
By K. R. Nelson | Sep 4, 2024
American Property Casualty Insurance Association (APCIA) Vice President Bob Passmore stated that if lawmakers prioritize legislation addressing "legal system abuse," such as undisclosed third-party litigation funding, they could curb rising car insurance costs.
By K. R. Nelson | Aug 21, 2024
Anthony Anastasio, president of the New Jersey Civil Justice Institute (NJCJI), told Federal Newswire in an Aug. 19 statement that NJCJI supports state and federal efforts to require transparency in third-party litigation funding (TPLF) and will continue advocating for it in New Jersey civil lawsuits.