Bill > HB420

This bill proposes several key provisions: 1. The Litigation Financing Safeguards and Transparency Act, which regulates litigation financing agreements by prohibiting litigation financiers from directing the course of the litigation, limiting their share of the proceeds, requiring disclosure of the agreements, and imposing confidentiality and indemnification requirements. 2. The addition of Article 41 to Chapter 5 of Title 6, which allows employers to limit their liability to only vicarious liability under the doctrine of respondeat superior by stipulating an employer-employee relationship with the individual whose actions caused the damages, with certain exceptions for wanton conduct. 3. The addition of Article 4 to Chapter 11 of Title 6, which establishes a $1 million cap on noneconomic damages in personal injury actions, with the cap to be adjusted for inflation every three years. 4. Amendments to Section 12-21-45 and the addition of Section 12-21-46, which restrict the evidence that can be used to establish the reasonable value of past and future medical expenses, based on the amounts actually paid or owed under the plaintiff's medical care plan. 5. Regulations on attorney advertising, including requirements for how attorneys can present the results they have obtained for clients. 6. Modifications to venue transfer provisions to promote the transfer of cases to the venue where the cause of action arose. The bill is intended to reform tort litigation in Alabama by regulating litigation financing, limiting employer liability, capping noneconomic damages, restricting evidence of medical expenses, and regulating attorney advertising.

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