Credit: Maryna Pleshkun / Shutterstock.com New Local Rule Allows Disclosure of Litigation Funding in NJ's Federal Courts
New Jersey's new local federal rule seems intended to strike a balance, requiring a showing of good cause before chasing down records that might be compromising.
July 21, 2021 at 11:00 AM
8 minute read
New local Rule 7.1.1 (effective Aug. 5, 2021), changes the landscape of litigation funding disclosure in New Jersey's federal courts. The District of New Jersey will now require all parties to file statements setting forth information about any non-party person or entity that is "providing funding for some or all of the attorney fees and expenses for the litigation on a non-recourse basis" in exchange for either "a contingent financial interest based upon" the litigation's results or a "non-monetary result that is not in the nature of a personal or bank loan, or insurance."
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