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News
May 10, 2018

In the News Today – May 10, 2018

U.S. Senators Introduce Landmark TPLF bill: Today,  Sens. Chuck Grassley, John Cornyn and Thom Tillis introduced the Litigation Funding Transparency Act (LFTA), a landmark bill that would bring third party litigation funding out of the shadows. ILR President Lisa A. Rickard commended the bill’s introduction, saying it would “pull back the curtain on third parties ‘gambling’ on the outcome of class action lawsuits and federal multi-district litigation.” Rickard also noted that “bankrolling lawsuits for profit threatens to undermine justice in our courts, is expanding at an alarming rate, and occurs around the world almost entirely in secret.” (ILR website)

Georgia Supreme Court to Decide the Future of Lawsuit Lending: Oral arguments over the future of lawsuit lending in Georgia began this week in a case challenging the interest rates on lawsuit loans. One plaintiff in the case says he received $5,300 from Cherokee Funding but was forced to repay $84,000 after his case settled. (Daily Report)

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)

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