Judges in California want plaintiffs to disclose third party funding
09th Dec 2016
“Federal judges in California may be about to deal the business [of litigation funding] a serious blow”, writes Bloomberg.
The rules committee of the US District Court in San Francisco previously weighed in on the disclosure of third party litigation funding in June 2016, when it proposed disclosure of litigation funding in that district. According to Bloomberg, the next step is for consideration by the CA federal court.
ILR is quoted stating that disclosure will “aid in the identification of potential ethical issues and thereby protect the integrity of the judicial process”.
In April 2016, ILR released a paper, Before the Flood: An Outline of Oversight Options for Third Party Litigation Funding in England and Wales which examines the ethical and practical concerns that are emerging from the significant expansion of TPLF in the UK, and underscored the need for government oversight in the practice.