Section 1357.09 | Commercial litigation financing requirements.
(A) No claimant, attorney or law firm representing a claimant, or affiliated attorney or law firm shall disclose or share any documents or information with a commercial litigation financier that are subject to a protective or sealing order from a court.
(B) A commercial litigation financier shall not make any decision, have any influence, or direct any decisions with respect to the course of a legal claim, including decisions in appointing or changing counsel, choice or use of expert witnesses, litigation strategy, and settlement or other resolution.
(C)(1) The attorney or attorneys representing a party that has entered into a commercial litigation financing agreement shall, at the time the associated claim is resolved, disclose the existence and contents of the agreement to the attorney general, in a form and manner prescribed by the attorney general, within fourteen days after any of the following:
(a) The related legal claim being settled, but only if the legal claim is filed in a court of competent jurisdiction prior to settlement;
(b) A final appealable order is entered by the court;
(c) An adjudication or order is entered indicating that the legal claim has reached the final stage at the trial court.
(2) Any party to a civil proceeding may seek a court order declaring that the trial has completed for purposes of division (C)(1) of this section. The court may take any necessary action to enforce the requirements of that division.
(D) Upon receiving a disclosure under division (C) of this section, the attorney general shall promptly publish the contents of the consumer litigation financing agreements included in the disclosure to the attorney general's publicly accessible web site. Prior to making the documents available, either on the web site or in response to a public records request made under section 149.43 of the Revised Code, the attorney general shall redact all legally required confidential information from the disclosure, including any information that could provide the identification of the plaintiff.
(E) Any provision of a commercial litigation financing agreement entered into, amended, or renewed on or after the effective date of this section that prohibits or limits discovery of the agreement or the parties to the agreement is void and unenforceable.
Last updated July 22, 2026 at 3:47 PM
Available Versions of this Section
- October 6, 2026 – Enacted by House Bill 105 - 136th General Assembly [ View October 6, 2026 Version ]