Vetoed by Governor John Bel Edwards

Vote Smart's Synopsis:

Vote to concur with house amendments and pass a bill that increases financial transparency requirements in litigation hearings.

Highlights:

• Establishes this act as a measure against third party litigation from foreign and domestic individuals (Sec. 1). 

• Defines terms related to Litigation and third party funding of lawsuits (Sec. 1). 

• Specifies that an attorney must provide any contract or litigation financing agreement during the discovery process if the anyone else is Paying the costs for the civil action (Sec. 1). 

• Specifies that this does not apply to non-for-profit organizations working pro-bono for the case (Sec. 1). 

• Exempts class-action litigation from this requirement (Sec. 1). 

• Specifies that any litigation funding contract in breach of this section will be deemed null and void (Sec. 1).

Full Bill Text

Vote Smart's Synopsis:

Vote to amend and pass a bill that increases financial transparency requirements in litigation hearings.

Highlights:

• Establishes this act as a measure against third party litigation from foreign and domestic individuals (Sec. 1). 

• Defines terms related to Litigation and third party funding of lawsuits (Sec. 1). 

• Specifies that an attorney must provide any contract or litigation financing agreement during the discovery process if the anyone else is Paying the costs for the civil action (Sec. 1). 

• Specifies that this does not apply to non-for-profit organizations working pro-bono for the case (Sec. 1). 

• Exempts class-action litigation from this requirement (Sec. 1). 

• Specifies that any litigation funding contract in breach of this section will be deemed null and void (Sec. 1).

Full Bill Text