SAN FRANCISCO — Major litigation funders are pushing back against a rule change proposed by judges in the Northern District of California that would require attorneys to disclose when their case is backed by a third-party investor.
The court’s Rules Committee, chaired by District Judge Richard Seeborg, at the end of June quietly proposed amending Civil Local Rule 3-15 to explicitly cover litigation funding agreements in the routine disclosures about interested parties that lawyers must submit when filing a case. The revision would also require the disclosure of funders in cases already pending before the court.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
