On June 21, 2021, the U.S. District Court for the District of New Jersey adopted a proposed local rule requiring the disclosure of third-party litigation funding (TPLF). The new rule’s adoption was welcome news for WLF, which filed a formal comment explaining that disclosure of a third-party funder’s role in a case will help ensure that lawyers satisfy their ethical obligations. TPLF disclosure will also provide crucial information for any court navigating the questions of undue burden and cost in discovery disputes. Many courts already have rules requiring disclosure of TPLF, so adopting this rule puts New Jersey federal courts in the legal mainstream.
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