CIVIL/PROCEDURE: Provides relative to disclosure of financing agreements

HB 240 requires attorneys and litigation financiers to disclose financing agreements to clients and courts in civil cases involving funded lawsuits. It mandates that attorneys deliver a copy of the financing contract to their client within 30 days of retention or entering the agreement. The bill also limits financiers to recovering only the plaintiffs' share of recovered damages after attorney fees and costs are paid. Nonprofit legal organizations providing pro bono services are exempt from these disclosure and payment rules.