New Ohio law has attorney general reviewing litigation-funding contracts
Ohio has passed a law regulating third-party litigation funding but stopping well short of requiring all parties to reveal outside financial arrangements in court. Gov. Mike DeWine signed HB 105 into law on July 7, requiring litigation finance firms to register with the attorney general and adhere to a detailed set of rules including a ban on foreign investors. The law doesn’t require parties to reveal their financial arrangements in court, however, instead making contracts public only after a case is resolved. With the new law, Ohio joins a growing number of states that mandate some ...