Loading chat...
NY A07599
Bill
Status
4/1/2025
Primary Sponsor
Amanda Septimo
Click for details
AI Summary
-
Requires consumers or their legal representatives to automatically disclose any litigation funding agreements to all parties in a lawsuit, including insurers, without waiting for a discovery request
-
Applies to agreements where a third party (other than the attorney) receives compensation contingent on proceeds from the civil action through settlement, judgment, or other means
-
Makes litigation funding arrangements and all participants subject to discovery in personal injury cases, including wrongful death and cases involving infants or incapacitated persons
-
Takes effect 30 days after becoming law
-
Officially titled the "Sunshine in Lawsuit Funding Act"
Legislative Description
Relates to the disclosure of third-party consumer litigation financing agreements in which there is a right to receive compensation or proceeds from the consumer that is contingent on and sourced from any proceeds of the civil action, by settlement, judgment, or otherwise.
Last Action
referred to judiciary
1/7/2026