Though a Louisiana bill to require disclosure of litigation-funding agreements in civil lawsuits was vetoed last week, some observers remain hopeful that the veto might be overridden or that the measure could be passed again next year.
A bill to provide more transparency about third-party litigation financing in Louisiana was vetoed this week by Gov. John Bel Edwards, who argued that such funding agreements help to “level the playing field” between individual plaintiffs and defendant companies.
Louisiana Governor John Bel Edwards vetoed legislation to require disclosure of litigation finance agreements, a setback for efforts to clamp down on the lawsuit funding tool.