2025 Regular SessionMaryland Legislature

SB985: Consumer Protection - Third-Party Litigation Financing

Legislative Summary

Prohibiting certain litigation financiers from engaging in certain conduct with respect to litigation financing transactions and certain litigation financing contracts; requiring that the litigation financing contracts contain certain disclosures and be executed in a certain manner; requiring a certain disclosure of a litigation financing contract in certain civil actions; and imposing a fiduciary duty on litigation financiers in certain class actions.

Demographic Impact

Overall analysis of equity impact

65% Positive
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Bill History

2/3/2025
First Reading Finance
Senate
2/6/2025
Hearing 3/06 at 1:00 p.m.
Senate

Status Information

Current Status
Introduced(2/3/2025)
Chamber
Senate
Committee
Finance(Senate)

Sponsors

Democrat: 1

Documents

Introduced
Bill Text2/5/2025151.6 KB