News Report: Newest Litigation Funding Legislation Is ‘Toothless’, Says Rival Bill’s Sponsor

News Report: Newest Litigation Funding Legislation Is ‘Toothless’, Says Rival Bill’s Sponsor

Following several articles on litigation funding during the first week of the year, The New York Post has reported on competing legislative proposals offered by New York politicians aimed at regulating the industry.

And one bill is “toothless”, says a sponsor of an earlier piece of legislation that would cap interest rates that litigation funders could charge, according to the Post.

The Post’s article, Lawmakers Square Off Over Profitable Cottage Industry, is available here.

Earlier related Secondary Insurance Market Blog posts are here and here.

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