Ronni E. Fuchs Quoted in Legal Newsline Article, 'California Court Proposes Third Party Funding Disclosure Amendment'
Ronni E. Fuchs, a partner in the Health Effects Litigation Practice Group of Pepper Hamilton, was quoted in the December 22, 2016 Legal Newsline article, "California Court Proposes Third Party Funding Disclosure Amendment."
"Knowing who is potentially influencing the course of litigation and potentially the settlement is something other parties and judges could find useful in litigating a case," Ronni Fuchs, a partner with Pepper Hamilton, told Legal Newsline.
"Both the court and the other parties would want to know if there is someone behind the scenes causing a change in the balance of negotiations.
Fuchs does not believe requiring the disclosure of third party lenders will discourage the practice in the future.
"I do not think disclosure is going to put the genie back in the bottle," Fuchs said. "If it's a good investment, people will make the investment. If its a good business model, disclosure isn't going to stop it."
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Currently, no similar rules exist so judges are making decisions at their own discretion. Fuchs believe amendments, like the one Northern District of California is proposing, might become more popular in other courts.
"It's hard to read tea leaves," Fuchs said. "But I would imagine judges generally like to know if there is another party not before the court that is influencing litigation pending in front of them."
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