Alerts10.23.24
New Jersey Senate Advances Bill Regarding Consumer Litigation Funding
The New Jersey Senate will vote on a bill to regulate the commercial litigation funding industry – both who can engage in such funding and what the terms of those agreements must contain
The ongoing debate over the importance and level of transparency in litigation continues to bring the issue of litigation funding to the fore. Thus far, there has been a patchwork approach across jurisdictions with regard to the disclosure of such funding agreements. Certain courts, including those in New Jersey or specific judges, have issued standing orders requiring disclosure while others have remained silent.
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