New Jersey S2357 mandates disclosure of third-party litigation funding agreements and sets responsibilities for funders.

New Jersey S2357 requires disclosure of third-party litigation funding agreements in civil or administrative actions. Parties must disclose any funding agreements at the time of filing an initial pleading or when the agreement is made. The bill codifies a fiduciary duty for funders to the party receiving funding, ensuring the funder acts in the party's interests. Funders are jointly liable for costs and any monetary sanctions against the party or their attorney. The bill prohibits funders from influencing case decisions, offering legal advice, or attempting to secure remedies.

New Jersey S2357 mandates disclosure of third-party litigation funding agreements and sets responsibilities for funders.

New Jersey S2357 requires disclosure of third-party litigation funding agreements in civil or administrative actions. Parties must disclose any funding agreements at the time of filing an initial pleading or when the agreement is made. The bill codifies a fiduciary duty for funders to the party receiving funding, ensuring the funder acts in the party's interests. Funders are jointly liable for costs and any monetary sanctions against the party or their attorney. The bill prohibits funders from influencing case decisions, offering legal advice, or attempting to secure remedies.