District of New Jersey Proposes New Local Civil Rule Requiring Disclosure of Third-Party Litigation Funding
By EsqSocial Corporation 20/04/21
The United States District Court for the District of New Jersey has announced proposed amendments to its Local Civil Rules, including a new rule – Civ. Rule 7.1.1 – regarding “Disclosure of Third-Party Litigation Funding.” As we previously observed on this blog earlier this year, the exact dollar amount that third-party investors infuse into U.S. lawsuits each year is unknown, but conservative estimates begin at approximately $2.3 billion......
By: Faegre Drinker Biddle & Reath LLP