Florida H1157 regulates litigation financing, requiring disclosures for agreements involving foreign funders and prohibiting certain actions by.

Florida H1157, the "Litigation Investment Safeguards and Transparency Act," establishes rules for litigation financing in Florida. It mandates that parties to legal proceedings disclose if a foreign person, foreign principal, or sovereign wealth fund funds the litigation. The notice must identify the foreign funder and be filed within 14 days of the agreement or 7 days of filing the action. The bill prohibits litigation financiers from directing the course of legal proceedings, paying referral fees, assigning agreements, or receiving a larger share of proceeds than the plaintiffs.

Florida H1157 regulates litigation financing, requiring disclosures for agreements involving foreign funders and prohibiting certain actions by.

Florida H1157, the "Litigation Investment Safeguards and Transparency Act," establishes rules for litigation financing in Florida. It mandates that parties to legal proceedings disclose if a foreign person, foreign principal, or sovereign wealth fund funds the litigation. The notice must identify the foreign funder and be filed within 14 days of the agreement or 7 days of filing the action. The bill prohibits litigation financiers from directing the course of legal proceedings, paying referral fees, assigning agreements, or receiving a larger share of proceeds than the plaintiffs.