VIPDesign – Fotolia Proposed NJ Rule on Legal Finance Is a Solution in Search of a Problem
There is already a robust framework in place for courts and litigants to obtain evidence regarding legal finance arrangements. Mandatory disclosure of any legal finance arrangement will result in needless fishing expeditions with respect to those finance relationships.
June 11, 2021 at 10:00 AM
9 minute read
Litigation Funding
In April, the U.S. District Court for the District of New Jersey announced an unprecedented, proposed amendment to its local civil rules that (1) would require all parties to a lawsuit to identify any non-recourse third-party financing, including a description of the interest and details of the agreement, and (2) purports to provide grounds for disclosure of "the terms of any [financing] agreement."
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