Law360 featured expert analysis from Statera’s Head of Originations, Stewart Ackerly, about the U.S. Judiciary’s study of litigation finance disclosure. The Advisory Committee on Civil Rules, which recommends changes to the Federal Rules of Civil Procedure, recently decided to form a subcommittee to study whether disclosure of financing should be required and, if so, what form disclosure should take. This decision comes amidst ongoing discussion on the topic, and follows an opinion expressed earlier this year by the federal judge serving as a top advisor to Chief Justice John Roberts that disclosure was unnecessary as long as a funder does not control litigation. Stewart argues that this is a positive development, further evidencing that litigation finance is widely viewed as playing an even more prominent and important role in U.S. civil litigation in the years to come. Law 360 here (subscription required).
