Third-party Litigation Funding (TPLF)

Whether parties using TPLF should be required to disclose the TPLF agreement to the opposing party as part of claims litigation continues to be a hotly debated topic.

Reminder that the Idaho Industrial Commission (IIC) will transition from Electronic Data Interchange (EDI) Claims R3.0 (FROI and SROI) to EDI Claims R3.1

This is a continuing study of emerging Third-Party Litigation Funding (TPLF) issues.

S.B. 196, as outlined more fully below, called for the disclosure of (TPLF), referred to as “litigation financing agreements” in the bill, in civil actions.

On April 20, 2023, Indiana Governor Eric Holcomb (R) signed into law Indiana House Bill 1124 which adds a third-party litigation funding (TPLF)

Several industry groups renew calls for a mandatory TPLF disclosure rule as part of the Federal Civil Rules of Procedure

In general, H.R. 2936 would amend title 49, United States Code, to “prohibit staged collisions with commercial motor vehicles, and for other purposes.”

With the state legislative season in full-swing, Florida, along with several other states, has introduced legislation focused on regulating (TPLF).

Third-party litigation funding (TPLF) issues will continue to present challenges on several fronts in the new year.

In a significant development on the TPLF front, on May 27, 2022, Illinois Governor J.B. Pritzker (D) signed into law the Consumer Legal Funding Act.

In an interesting development to watch, on June 28, 2022, the Delaware State Senate passed Delaware Senate Concurrent Resolution No. 127.

The insurance industry has experienced tremendous change in the past few years.

Third-party litigation funding is an issue that certainly warrants monitoring in 2022. 

Federal rules committee recommends no immediate action for TPF disclosure rulemaking at recent meeting