Tillis Bill Cracks Down on Harmful Third-Party Litigation Funding - Americans for Tax Reform

Tillis Bill Cracks Down on Harmful Third-Party Litigation Funding - Americans for Tax Reform

A new bill introduced by Senator Thom Tillis (R-N.C.) aims to address the problem of predatory third-party litigation funding. Third-party litigation funding (TPLF) occurs when a third-party entity “invests” in the outcome of a civil litigation case by funding one of the involved parties. This funding is often accompanied by an agreement by which the third-party funder receives a portion of the proceeds if their chosen litigant wins the case. In…