IL lawmaker intros bill to regulate third-party lawsuit investing – Legal Newsline

State Rep. Dan Ugaste has filed HB5244, spurred by mounting concerns over the use of courts in Illinois and elsewhere in the U.S. legal system to generate profits for investors who are not parties to lawsuits or their attorneys. Under the proposed measure, regulations would require disclosure and transparency to block foreign funding and allow courts and defendants to know who they are dealing with.
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The Railroader
3 months ago

This has the same chance as attempts to roll back hideously Gerrymandered election districts.

“Trial lawyers whose lawsuits, which are worth billions of dollars annually, are routinely boosted by such third-party investments, donate millions of dollars each election cycle to Illinois Democrats, parlaying their campaign financing into strong support in Springfield.”

Snowball, welcome to Hell. Not to worry, this is where Illinois political animals told the electorate to go.

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