Third Party Litigation Funding
Third-Party Litigation Funding (TPLF) has emerged as a troubling force in the civil justice system of the United States and internationally. This practice, where nonparties invest in lawsuits in exchange for a share of the proceeds, has grown exponentially over the past decade. However, despite its increasing prevalence in high-dollar civil litigation, TPLF operates largely in secret, evading the transparency and oversight that govern most industries. This lack of accountability has raised significant concerns among judges, legislators, and regulators, prompting calls for much-needed reforms.
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- Oklahoma legal reform legislation is taking bold steps to curb excessive lawsuits, protect small businesses, and ensure a fairer system that benefits consumers and drives economic growth.Georgia’s tort reform aims to benefit local businesses and consumers by reducing litigation costs and fostering a fairer legal system.Research shows that the costs of lawsuits per household are quickly escalating due to trial lawyer tactics and third-party litigation funding.
