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Ohio Bans International Funders From Third-Party Litigation Finance
Original: Ohio Cracks Down on Third-Party Litigation Finance by Banning Investment From International Funders
Ohio has moved to restrict third-party litigation funding by barring investment from international funders, according to Law.com. The crackdown limits foreign money in lawsuits where funders back plaintiffs in exchange for a share of settlements or judgments. The move is drawing attention from legal finance firms and defense bar observers watching how other states may respond to similar restrictions on litigation funding.
Why now: Ohio's restriction on foreign litigation funding is a notable development in a growing national debate over third-party involvement in lawsuits.
OhioLaw.comthird-party litigation funders
Evidence
- Ohio Cracks Down on Third-Party Litigation Finance by Banning Investment From International Funders · Law.com
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