Bill > LB199

This bill makes several key changes to Nebraska's civil litigation laws. First, it reduces the statute of limitations for personal injury actions to two years, applying only to causes of action that arise after the bill's effective date. The bill expands the Nonrecourse Civil Litigation Act by including administrative proceedings within its definition of legal claims, which means that legal funding can now be used for administrative cases in addition to civil court cases. The bill introduces new disclosure requirements for consumers who obtain litigation funding, mandating that they must proactively share their funding contracts with all parties involved in the legal claim, including other parties, their attorneys, courts, and any entities with pre-existing indemnification obligations. These disclosures must be made initially and within 30 days of any contract changes, and the funding agreements can be subject to discovery. Additionally, the bill gives the Secretary of State more authority to discipline civil litigation funding companies, including the ability to suspend or revoke their registration for violations of the act, such as knowingly failing to make required disclosures. The bill also requires these companies to submit annual data about their funding activities, which will be compiled into a report submitted to the Legislature, providing increased transparency in the legal funding industry.

Justice

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59068