DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 432 Original 2025 Regular Session Chenevert
Abstract: Provides a limitation of recovery under third party litigation financing agreements, and
provides for disclosure of such agreements.
Proposed law provides that a litigation financer with a litigation financing contract shall not receive
any amount greater than an amount equal to the share of the proceeds collectively recovered by the
plaintiffs seeking to recover monetary damages financed by a litigation financing contract or
agreement after the payment of any attorney fees and costs.
Proposed law provides that an attorney who enters into a litigation financing contract or agreement
shall disclose the existence and deliver the copy of the agreement to the client he represents within
30 days after being retain as counsel by such client, or within 30 days after entering into the litigation
financing agreement, whichever is earlier.
(Amends R.S. 9:3580.13(B) and (C); Adds R.S. 9:3580.13(D) and (E))