Opioid Litigation Finance Arrangements Must be Disclosed

• Attorneys must submit details to judge overseeing federal opioid suits • Lenders must be given copy of court order

Attorneys with third-party contingent litigation financing connected with federal opioid cases must disclose those arrangements to the court, the judge overseeing the multidistrict proceedings said May 7.

Third-party contingent litigation financing means “any agreement under which any person, other than an attorney permitted to charge a contingent fee representing a party, has a right to receive compensation that is contingent on and sourced from any proceeds of an MDL Case, by settlement, judgment, or otherwise,” Judge Dan A. Polster of ...