SB 1534 — Litigation Investment Safeguards and Transparency Act

• Requires parties or counsel who enter into litigation financing agreements to disclose the agreement's existence and provide a copy to all opposing parties, the court, and any known indemnitors within 30 days, without awaiting a discovery request
• Prohibits litigation financiers from directing litigation strategy, settlement decisions, or counsel selection, and bars them from receiving a larger share of proceeds than the plaintiffs collectively recover after fees and costs
• Mandates disclosure of any foreign person, foreign principal, or sovereign wealth fund involvement in litigation financing to all parties, the court, the Department of Financial Services, and the Attorney General
• Requires litigation financiers to indemnify plaintiffs and their counsel against adverse costs, attorney fees, damages, or sanctions ordered in the funded proceeding, except where resulting from intentional misconduct
• Renders any litigation financing agreement executed in violation of the act void and unenforceable, authorizes enforcement under the Florida Deceptive and Unfair Trade Practices Act, and applies retroactively to proceedings pending as of July 1, 2025