As litigation funding practices receive fresh scrutiny nationwide, a California lawmaker wants to place new restrictions on third-party financiers.
Senate Bill 581, introduced by Anna Caballero, D-Salinas, targets a broad range of lawsuit funding providers, including consumer-oriented companies that offer upfront cash to personal-injury litigants in exchange for a share of any money they might recover, as well as commercial-focused operators such as Burford Capital that invest in big-dollar lawsuits.
