LA HB432

Litigation financers cannot recover more than the plaintiffs' share of proceeds after attorney fees and costs are paid in any civil action or legal proceeding they finance

Attorneys entering litigation financing agreements must disclose the existence of the agreement and provide a copy to their client within 30 days of being retained or within 30 days of entering the financing agreement, whichever comes first

Litigation financing contracts remain subject to discovery under Louisiana's Code of Civil Procedure and Code of Evidence in all civil actions

Nonprofit legal organizations providing pro bono representation are exempt and not required to disclose donors or funding sources