Government,
Law Practice
May 16, 2023
California’s new consumer litigation finance bill is laudable, but imperfect
The bill arms consumers with important rights and protections, but most consumers won’t know how to enforce those rights. Additionally, the bill’s broad application may prevent some victims from obtaining justice.
GUEST COLUMN
This February, the California legislature took its first steps toward regulating litigation finance. Senate Bill 581, also known as the “Third Party Litigation Financing Consumer Protection Act,” is currently winding its way through the state’s legislative process, having just passed the Senate Judiciary Committee (its house of origin) with unanimous, bipartisan support.
SB 581 imposes...
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