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Disclosure Rules, Ethics Hang Over Legal Funding Conference

Law360, New York (September 17, 2018, 7:29 PM EDT) -- A panel of litigation finance experts pushed back Monday against a recent bar opinion that portfolio funding could be unethical and told representatives from the burgeoning industry that they should prepare themselves for some form of enhanced disclosure requirements.

The tone at the first day of the inaugural Litigation Finance Dealmakers Forum in Manhattan was sanguine, despite the recent opinion issued by the New York City bar that there was a possible Rule 5.4 violation of the New York state rules of professional conduct in the growing practice of investing in a portfolio of law firm matters, as well as multiple potential changes to rules regarding...

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