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News
June 6, 2017

Litigation Finance Arrangements Need to be Disclosed

With the support of more than two dozen business groups, the U.S. Chamber of Commerce Institute for Legal Reform sent a letter to the office of the U.S. courts asking the committee on rules of practice and procedure to require disclosure of third-party financing arrangements in all civil cases filed in federal court, writes the Wall Street Journal.   

A disclosure rule is necessary, according to the letter, so that third-party financing doesn’t “continue to operate in the shadows.” It is also likely that more “ill-considered cases” will hit the courts as the industry evolves from financing single cases to investing in portfolio of cases. 

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