New York Legislation Would Regulate Litigation Funding Deals

New York Legislation Would Regulate Litigation Funding Deals

New York’s legislature is considering legislation that would regulate consumer litigation funding transactions.

The New York Law Journal reported this week that “[t]hird-party litigation financing is getting closer scrutiny in New York, where lawmakers are pushing to regulate an industry in which companies have been accused of charging unreasonably high fees and interest rates.”

The May 29 article, NY Lawmakers Considering Bills to Regulate Consumer Litigation Funding, is available here.

 

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