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Debate over third‑party litigation finance bill centers on transparency, access to justice and insurer concerns
Summary
HB 733, a measure to require disclosure and impose guardrails on commercial third‑party litigation financing, drew support from insurers and some business groups and opposition from litigation funders who warned mandatory early disclosure would chill financing and harm access to justice.
The Senate Judiciary Committee heard an extended and sharply contested hearing on HB 733, which would require disclosure of certain commercial third‑party litigation finance (TPLF) agreements to courts and other parties and bar investment in commercial litigation by specified foreign entities. Supporters said the bill restores transparency and helps insurers and businesses assess litigation risk; opponents said mandatory, automatic disclosure would provide defendants with undue tactical advantage and drive financiers out of the New Hampshire market, reducing access to justice for smaller claimants.
Sponsor Representative Brian Cole described TPLF as an industry that “turns our civil justice system into another commodity for…
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