Some foreign-backed lawsuit funders must disclose certain ties

A foreign third-party litigation funder must give the Attorney General written disclosures and copies of certain funding agreements. The funder must be a qualifying foreign person, foreign entity of concern, or foreign sovereign wealth fund that is not a named party, lawyer, or law firm of record. The funding must help pay civil-case costs or the financial impact of a negative judgment, with payment tied to the case or a related portfolio. The definition excludes, among others, ordinary loans not tied to the case outcome and health-care payments. The duty applies when the funder's funding sources include a foreign entity of concern. The funder must identify entities with outcome-based payment rights or duties, and entities that received or may receive proprietary or national-security-related information through the funding agreement. The information disclosure does not cover information received by a party to the case, its lawyer, or its law firm. The text sets a 30-day deadline after an agreement is signed or the case is filed. For an agreement entered after filing, it says disclosure is due within 30 days after the party is served.