A bill was introduced last week in the Missouri House of Representatives that would require loans provided by third parties to finance lawsuits be regulated by the state Department of Commerce and Insurance.
A bill was introduced last week in the Missouri House of Representatives that would require loans provided by third parties to finance lawsuits be regulated by the state Department of Commerce and Insurance.
The debate over disclosure of litigation funding in the US continues – a statement by Tim McCarthy of Verisk Analytics that “funding should be disclosed in the same way insurance details must be disclosed” has been met with stiff opposition from Andrew Lundberg of Burford Capital, who argues that litigation funding is “not relevant in the same way insurance coverage is required to be disclosed in litigation,” where parties are “effectively insured or indemnified against a bad outcome.”
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