Democrats’ resounding election win hampers efforts in Congress to regulate litigation finance, bolstering an industry that frequently found itself on the defensive in Washington.
A slate of Republican-introduced bills that would enact disclosure requirements or set parameters on outside investment in US litigation will be “dead on arrival when the Democrats take over,” said Victoria Sahani, a Boston University School of Law professor.
Rep. Jamie Raskin, a Maryland Democrat who is poised to lead the House Judiciary Committee, has opposed GOP-led legislation that would set disclosure requirements. “Third party litigation funding levels the playing field for ordinary Americans facing powerful …
Source: news.bloomberglaw.com
