\u201cIf you don\u2019t take money, they can\u2019t tell you what to do.\u201d \u2015 Bill Cunningham<\/p>\n\n\n\n
Third-party litigation funding (TPLF) agreements typically grant non-party funders some level of control over key litigation decisions. This control can include veto power over settlement and litigation strategy. Courts have recognized this reality\u2014in Boling v. Prospect Funding Holdings, LLC, 771 F. App\u2019x 562, 579\u201380 (6th Cir. 2019), the Sixth Circuit observed that the funding agreement \u201ceffectively g[a]ve [a TPLF entity] substantial control over the litigation,\u201d including terms that \u201cmay interfere with or discourage settlement\u201d and otherwise \u201craise[d] quite reasonable concerns about whether a plaintiff can truly operate independently in litigation.\u201d Control features are unlikely to be express and are often a function of how the continuation of funding works. TPLF contracts are known to include boilerplate purporting to disavow control. Courts and parties need to know who is \u201cin the courtroom\u201d making decisions, and the only way to understand if a TPLF contract gives control over litigation to a non-party is disclosure of TPLF contracts.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
\u201cIf you don\u2019t take money, they can\u2019t tell you what to do.\u201d \u2015 Bill Cunningham Third-party litigation funding (TPLF) agreements typically grant non-party funders some level of control over key litigation decisions. This control can include veto power over settlement and litigation strategy. Courts have recognized this reality\u2014in Boling v. Prospect Funding Holdings, LLC, 771 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[25,95],"tags":[78],"source":[],"class_list":["post-10689","post","type-post","status-publish","format-standard","hentry","category-news","category-tplf-tuesday","tag-tplf-in-the-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/askabouttplf.com\/index.php?rest_route=\/wp\/v2\/posts\/10689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/askabouttplf.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/askabouttplf.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/askabouttplf.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/askabouttplf.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10689"}],"version-history":[{"count":0,"href":"https:\/\/askabouttplf.com\/index.php?rest_route=\/wp\/v2\/posts\/10689\/revisions"}],"wp:attachment":[{"href":"https:\/\/askabouttplf.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/askabouttplf.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/askabouttplf.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10689"},{"taxonomy":"source","embeddable":true,"href":"https:\/\/askabouttplf.com\/index.php?rest_route=%2Fwp%2Fv2%2Fsource&post=10689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}