Major players in the litigation funding industry are resisting a proposed amendment to the local civil rules of the Northern District
of California that would require plaintiffs who litigate in that forum
to disclose whether their suits are backed by third-party investors.
Promulgation of a rule requiring such disclosures could have a
nationwide effect, including opening doors to the possibility of
promulgation of a similar rule within the Federal Rules of Civil
Procedure, the rules that govern procedures in all federal trial
courts in the country.
See full article at TheRecorder
Summarized by Meghan Hallinan