Cozen O’Connor: As the Litigation Funding Industry Grows, So Do Efforts to Control It

As the Litigation Funding Industry Grows, So Do Efforts to Control It

Thursday, July 11, 2019

Lori Kalani was quoted in The American Lawyer about attorneys general and state agencies taking action against litigation funders under state consumer protection laws. “There is going to be more activity in these states because AGs are very close to consumers, and consumers can complain to the AG,” said Lori. “In states where there isn’t legislation, the AG still has the ability to investigate and bring a lawsuit based on broad consumer protection authority. I expect AGs who work together will continue to take action as the industry grows.” Kalani also said more states are beefing up their consumer protection divisions under the Trump administration.

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