fbpx
News
April 11, 2018

ILR’s Faulk: Wisconsin TPLF Law Signals a “Growing Movement”

U.S. Chamber Institute for Legal Reform (ILR) Senior Vice President of Legal Reform Initiatives Page Faulk told the ABA Journal Wisconsin’s new law that requires disclosure of all third party litigation funding arrangements is “another step in what’s become a growing movement.” 

The law comes after a federal research report found that six of 13 federal courts of appeals and one-fourth of federal district courts now have some sort of rule requiring transparency. The federal judiciary’s Advisory Committee on Rules of Civil Procedure, for which the report was created, is also considering a federal rule on litigation funding. Now that Wisconsin became the first state to take action, Faulk says other states will soon take up similar legislation.

ILR President Lisa A. Rickard said the law, which requires any arrangements be disclosed even without a discovery request, “brings litigation funding out of the shadows.” 

Delaware General Assembly Blog Delaware Wants to Take a Closer Look at the TPLF Industry   Third Party Litigation Funding (TPLF) Blog European Parliament Legal Affairs Committee Adopts TPLF Legislative Initiative Report International Initiatives, Third Party Litigation Funding (TPLF) Welcome to Delaware Sign Blog Another Federal Court Now Requires Disclosure of Third Party Litigation Funding Third Party Litigation Funding (TPLF) litigation funders, beach scene Blog Sun, Sea, but no Sand(box) for Florida Lawsuit Investors Lawsuit Lending, Third Party Litigation Funding (TPLF) Blog Third Party Litigation Funding: Buying Trouble Across the Globe International Initiatives, Third Party Litigation Funding (TPLF)

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings