New York A 7599: Relates to admissibility of an opposing party's statement

Bill Text

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A07599 Summary:

BILL NOA07599 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORSeptimo

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add R3120-a, CPLR

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Relates to the disclosure of third-party consumer litigation financing agreements in which there is a right to receive compensation or proceeds from the consumer that is contingent on and sourced from any proceeds of the civil action, by settlement, judgment, or otherwise.

Go to top A07599 Actions:

BILL NOA07599 

&nbsp

04/01/2025referred to judiciary

01/07/2026referred to judiciary

Go to topA07599 Committee&nbspVotes:

Go to topA07599 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA07599 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7599

 2025-2026 Regular Sessions

 IN ASSEMBLY

 April 1, 2025
 ___________

 Introduced by M. of A. SEPTIMO -- read once and referred to the Commit-
 tee on Judiciary

 AN ACT to amend the civil practice law and rules, in relation to
 disclosing third-party consumer litigation financing agreements

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Short title. This act shall be known and may be cited as
 2 the "sunshine in lawsuit funding act".
 3 § 2. The civil practice law and rules is amended by adding a new rule
 4 3120-a to read as follows:
 5 Rule 3120-a. Disclosure of financing agreements; discovery. 1. Except
 6 as otherwise stipulated or ordered by the court, a consumer or their
 7 legal representative shall, without awaiting a discovery request,
 8 provide to all parties to the litigation, including their insurer if
 9 prior to litigation, any litigation funding contract or agreement under
 10 which anyone, other than a legal representative permitted to charge a
 11 contingent fee representing a party, has a right to receive compensation
 12 or proceeds from the consumer that are contingent on and sourced from
 13 any proceeds of the civil action, by settlement, judgment, or otherwise.
 14 2. The existence of litigation funding and all participants in such
 15 arrangements are permissible subjects of discovery in all personal inju-
 16 ry litigation and matters arising out of personal injuries including
 17 actions for wrongful death and personal injury actions involving infants
 18 or judicially declared incapacitated persons.
 19 § 3. This act shall take effect on the thirtieth day after it shall
 20 have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11245-01-5

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