action postponed indefinitely
Summary
The Litigation Financing Transparency Act forces anyone who funds a civil case to give the funded party and their lawyer a copy of the financing contract within 30 days and bars the financier from steering case strategy, paying referral fees, or assigning the agreement. The law applies to litigation financiers, the people they fund, their counsel, and related parties, while exempting personal‑use payments, contingency counsel, certain nonprofits, health‑care funding, and standard bank loans. It aims to make lawsuit funding more transparent and prevent outside influence over legal decisions.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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