Legislation - SB0985

Prohibiting certain litigation financiers from engaging in certain conduct with respect to litigation financing transactions and certain litigation financing contracts; requiring that the litigation financing contracts contain certain disclosures and be executed in a certain manner; requiring a certain disclosure of a litigation financing contract in certain civil actions; and imposing a fiduciary duty on litigation financiers in certain class actions.

Committees

Original:: Finance

Details

Bill File Type: Regular

Effective Date(s): October 1, 2025

History

Legislation History
Chamber Senate Calendar Date 2/03/2025 Legislative Date 1/28/2025 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Consumer Protection - Third-Party Litigation Financing Proceedings
Chamber Senate Calendar Date 2/06/2025 Legislative Date 2/06/2025 Action Hearing 3/06 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/03/2025	1/28/2025	First Reading Finance
			Text - First - Consumer Protection - Third-Party Litigation Financing
Senate	2/06/2025	2/06/2025	Hearing 3/06 at 1:00 p.m.

File Code

Subjects

Statutes