Bradley Partner and Life Sciences Industry Team Co-Chair Tripp Haston Quoted in Westlaw News on Third-Party Class Action Funding Disclosure

Bradley attorney and Life Sciences Industry Team Co-Chair Tripp Haston was quoted in the Westlaw News on a recent decision from a federal court to require the automatic disclosure of third-party funding agreements for proposed class action lawsuits. The U.S. District Court for the Northern District of California amended its standing orders for all its judges, mandating funding agreements be disclosed to the court.

According to Haston, third-party litigation financing is a growing concern for companies facing litigation in U.S. courts. While lawyers have to adhere to ethical standards for their financial arrangements with clients, third-party litigation financers are "completely unregulated" and their involvement in the suit may be unclear, Haston explained. "These are dark, dark pools of money that we know little about," Haston said. The complete article, “U.S. court in California to require third-party class action funding disclosure,” appeared in the Westlaw News on January 25, 2017. (login required)