House Bill No. 336, known as the Litigation Financing Disclosure Act, establishes a framework for financial disclosures related to litigation financing in Louisiana. The bill defines key terms such as "attorney," "litigation financer," and "litigation financing," and mandates that parties involved in civil actions disclose any litigation financing contracts or agreements to all other parties, including insurers, within a specified timeframe. It also stipulates that litigation financers cannot influence the conduct of the civil proceedings, ensuring that decision-making remains with the plaintiff and their attorney. Additionally, the bill allows for the discovery of litigation financing arrangements in civil cases, including personal injury claims.

The legislation includes specific provisions for class action lawsuits, requiring attorneys to disclose any relationships with litigation financers to all parties and the court. Notably, the bill exempts nonprofit legal organizations from certain disclosure requirements, particularly regarding their funding sources, and clarifies that violations of the act will render litigation financing contracts null and void. Overall, the bill aims to enhance transparency in litigation financing while protecting the interests of nonprofit organizations that provide legal assistance.