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 enacts Chapter 2-C of Code Title XII, which includes definitions for key terms such as "attorney," "litigation financer," and "litigation financing." It mandates that parties involved in civil actions disclose any litigation financing contracts or agreements to all other parties, including insurers, if applicable. This disclosure must occur within sixty days of the commencement of the civil action or the execution of the financing agreement. Additionally, the bill specifies that litigation financers cannot influence the conduct of the civil proceedings, ensuring that decision-making remains with the plaintiff and their attorney.

The legislation also includes provisions specific to class action lawsuits, requiring attorneys to disclose any relationships with litigation financers to all parties and the court. Nonprofit legal organizations that provide pro bono services are exempt from these disclosure requirements and are not required to reveal their funding sources. Any litigation financing contract that violates the provisions of this Act will be deemed absolutely null. Overall, the bill aims to enhance transparency in litigation financing while protecting the interests of nonprofit organizations involved in legal representation.