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Senate bill would bring litigation funders out of the shadows, goes further than opioid judge's recent order
WASHINGTON (Legal Newsline) - Days after a federal judge overseeing some of the most important current litigation demanded to be told if outside interests were funding it, Republican senators have introduced a bill that would do even more in all class action lawsuits.
Vaughn Walker, the retired chief judge of the U.S. District Court for the Northern District of California, was appointed to IMF Bentham’s U.S. investment committee in October. The committee considers and approves cases for funding.
New to the U.S., litigation funding company commits more than $1.5 million to class action against Chevron
According to a copy of the litigation funding agreement, Therium Litigation Funding IC currently has $1.7 million invested in the class action lawsuit against the oil giant. Judge Susan Illston of the U.S. District Court for the Northern District of California granted Chevron Corp.’s motion in August, requiring the agreement be released.
In August, Judge Susan Illston of the U.S. District Court for the Northern District of California granted Chevron Corp.’s motion requiring plaintiff Natta Iyela Gbarabe to produce his funding agreement. The plaintiff filed a proposed class action against the oil giant over a January 2012 gas explosion off the coast of Nigeria.