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US judicial panel to examine litigation finance disclosure

UPDATE 1-US judicial panel to examine litigation finance disclosure Adds comment from litigation funding group in paragraph 16 By Nate Raymond Oct 10 (Reuters) - A federal judicial rules-making panel on Thursday agreed to study whether a nationwide rule requiring disclosure of third-party litigation funding in lawsuits is necessary at the urging of major companies, business groups and Republican lawmakers .
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US judicial panel to examine litigation finance disclosure

US judicial panel to examine litigation finance disclosure By Nate Raymond Oct 10 (Reuters) - A federal judicial rules-making panel on Thursday agreed to study whether a nationwide rule requiring disclosure of third-party litigation funding in lawsuits is necessary at the urging of major companies, business groups and Republican lawmakers . After a decade of weighing whether it should do anything to regulate the emerging field of litigation finance, the U.S.
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US lawmaker calls for litigation funding disclosures

US lawmaker calls for litigation funding disclosures By Sara Merken Oct 7 (Reuters) - A federal lawmaker has introduced legislation that would require the disclosure of third-party funding in civil lawsuits. U.S. Republican Representative Darrell Issa of California on Friday introduced a bill that calls for parties in civil litigation to tell the court and other named parties the identity of third-party that has the right to receive payment that is contingent on the outcome of a case or group or
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AI startups ride on investor frenzy to raise billions in 2024

FACTBOX- AI startups ride on investor frenzy to raise billions in 2024 Oct 4 (Reuters) - OpenAI recently closed a $6.6 billion funding round at a $157 billion valuation that highlighted the enthusiasm around generative artificial-intelligence technology since the startup burst onto the scene with the launch of ChatGPT in late 2022. Since then a number of AI startups have managed to attract funding from well-known venture-capital funds and angel investors.
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Companies ask US judiciary group to force lawsuit funding disclosures

UPDATE 1-Companies ask US judiciary group to force lawsuit funding disclosures Adds comment in paragraphs 11, 12 from funding advocate By Mike Scarcella Oct 3 (Reuters) - More than 100 major companies from the technology, pharmaceutical, automotive and other sectors have urged the U.S. judiciary to adopt a nationwide rule requiring disclosure of third-party litigation funding in lawsuits.
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