TCJL has joined with the U.S. Chamber of Commerce Institute for Legal Reform (ILR), Defense Research Institute, American Tort Reform Association, and more than two dozen other national and state civil justice organizations to urge an amendment to the Federal Rules of Civil Procedure that would require the disclosure of third-party litigation financing (TPLF) agreements in all civil actions in federal courts.
The proposed amendment to Rule 26(a)(1)(A), which has been pending before a subcommittee of the Advisory Committee on Civil Rules since 2017, has drawn fierce opposition from third-party litigation financing companies. The joint letter to the Advisory Committee earlier this week proposes to break the impasse by initiating a one-year pilot program in selected federal courts to gather information about the extent of the use of TPLF in federal courts and the precise terms of such agreements. You can read the letter below.
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