HB1274: 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
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