By Cayse Llorens and Matthew Oxman (June 10, 2022, 5:34 p.m. EDT) – U.S. District Court Chief Judge for the District of Delaware, Colm Connolly, came to the attention of the litigation funding community this spring when he issued a permanent order stating that any litigant receiving non-recourse funding from a third party must disclose that fact, provided the case is heard in Judge Connolly’s courtroom.
On the face of it, the April 18 order was bad news for the litigation funding industry and parties who face a resource disadvantage in court.
Like most of our industry peers, we believe the burdens of disclosure generally outweigh the benefits. To see mandatory disclosure take root in Delaware – the…
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