Oklahoma Enacts New Laws to Curb Foreign Litigation Funding and Limit Non-Economic Damages

Oklahoma City, Oklahoma — Recent legislative actions in Oklahoma have introduced new regulations concerning foreign funding in legal disputes and set limits on non-economic damages awarded in lawsuits. These measures, driven by concerns over the effects of foreign influence in the legal system and skyrocketing litigation costs, are anticipated to have significant implications for both plaintiffs and defendants. The new laws stem from growing unease regarding funders based outside the United States who provide financial backing for lawsuits. Such funding can influence legal proceedings, raising questions about fairness and accountability in the judicial process. With … Read more