Indiana Code 24-12-11-4. Commercial litigation financier prohibitions
Current as of: 2024 | Check for updates
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Terms Used In Indiana Code 24-12-11-4
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- Plaintiff: The person who files the complaint in a civil lawsuit.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Sec. 4. A commercial litigation financier may not make any decision, have any influence, or direct the plaintiff or the plaintiff’s attorney with respect to the conduct of the underlying civil proceeding or any settlement or resolution of the civil proceeding, or make any decision with respect to the conduct of the underlying civil proceeding or any settlement or resolution of the civil proceeding. The right to make these decisions remains solely with the plaintiff and the plaintiff’s attorney in the civil proceeding.
As added by P.L.140-2024, SEC.2.