Texas SB3025 mandates disclosure of third-party litigation financing agreements in civil actions.

Texas SB3025 requires the Supreme Court of Texas to adopt rules for mandatory disclosure of third-party litigation financing agreements in civil actions. These agreements involve the provision of monetary or in-kind support to a person or group of persons involved in a civil action, with repayment being contingent on the outcome of that action. The rules apply to civil actions commenced after the rules' effective date and exclude certain credit extensions to attorneys and contingent fee arrangements. The act takes effect September 1, 2025.

Texas SB3025 mandates disclosure of third-party litigation financing agreements in civil actions.

Texas SB3025 requires the Supreme Court of Texas to adopt rules for mandatory disclosure of third-party litigation financing agreements in civil actions. These agreements involve the provision of monetary or in-kind support to a person or group of persons involved in a civil action, with repayment being contingent on the outcome of that action. The rules apply to civil actions commenced after the rules' effective date and exclude certain credit extensions to attorneys and contingent fee arrangements. The act takes effect September 1, 2025.