Litigation Funding Transparency Act of 2021
- Last Action
- 10/19/2021
Actions
- 2021-10-19Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.
- 2021-03-18Referred to the House Committee on the Judiciary.
- 2021-03-18Introduced in House
- 2021-03-18Introduced in House
CRS Summary
As of 2021-03-18 (00)
Litigation Funding Transparency Act of 2021
This bill requires lawyers for plaintiffs in certain lawsuits to provide the court and other parties in the lawsuit with any agreement that entitles an outside business (i.e., a business that is not a party, class member, or counsel in the lawsuit) to receive payment contingent on the lawsuit's outcome. The lawyers for the plaintiffs shall also provide the identity of the outside business.
Specifically, these requirements shall apply to any class action or multi-district litigation (i.e. related civil cases pending in different districts that are consolidated for pretrial proceedings).
Subjects
- Civil actions and liability
- Judicial procedure and administration
- Lawyers and legal services
- Legal fees and court costs
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.