As legal fees grow larger, more and more plaintiffs are forced to borrow money to fund lawsuits against parties they contend caused their injuries. But there’s no requirement to inform defendants — including large corporations and insurance companies — when a plaintiff’s lawsuit is funded by a third party. Nor is there a way for the state to know whether those financiers include foreign .
Litigation financing would be disclosed if Florida enacts bill sun-sentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sun-sentinel.com Daily Mail and Mail on Sunday newspapers.
Who s funding your lawsuit? Florida bills would require disclosure – Daily Press dailypress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailypress.com Daily Mail and Mail on Sunday newspapers.
Third-party lenders can help pay plaintiffs' legal fees when pursuing claims against insurers and other deep-pocketed defendants. Florida business lobbies say such loans need to be disclosed, and consumers should be protected. Bills are winding through the Legislature that would address the issue.
Litigation financing would be disclosed if Florida enacts bill orlandosentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orlandosentinel.com Daily Mail and Mail on Sunday newspapers.