State Tort Laws Negatively Impacting Economies Outlined for DOJ in ATRA Letter
Today, the American Tort Reform Association provided the Department of Jus...
Third-party litigation financing (TPLF), or lawsuit funding, is the practice of investors buying an interest in the outcome of a lawsuit, and has become a multi-billion-dollar industry.
Third party litigation financing raises ethical concerns by allowing funders to interfere with litigation decisions, which compromises attorney independence and raises costs for litigants.
If third party litigation financing continues, regulations should be put in place that increase transparency for litigants and maintains the integrity of the judicial system.
Subjects consumer lawsuit lenders to Oklahoma’s Uniform Consumer Credit Code.
Lawsuit lending alignment bill that would place the industry under the state’s usury laws.
The bill is lawsuit lending regulatory legislation.
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