LA HB240

Litigation financiers cannot recover any amount greater than the plaintiffs' share of proceeds after attorney fees and costs are paid in civil actions, administrative proceedings, or other legal proceedings seeking monetary damages

Attorneys who enter into litigation financing contracts 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 is earlier

The existence of litigation financing contracts remains subject to discovery in accordance with the Code of Civil Procedure and Code of Evidence in all civil actions

Nonprofit legal organizations funded by private donors that represent clients pro bono are exempt from these requirements and are not required to disclose their donors or funding sources