Amazon, Google Among Companies Pushing to Disclose Litigation Funders - Articles

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Posted by: Stacey Shrader Joslin on Oct 4, 2024

More than 100 large companies from the technology, pharmaceutical, automotive and other sectors are urging federal courts to increase disclosure on outside funders backing lawsuits. The group is urging the U.S. Judicial Conference to adopt a nationwide rule requiring disclosure of third-party litigation funding in lawsuits, Bloomberg Law reports. In July, Rep. James Comer, R-Kentucky, chair of the U.S. House Committee on Oversight and Accountability, urged the conference to review the role of litigation finance, including considering transparency rules and mandatory disclosure of outside funding in federal lawsuits.