Rep. Lou Lang
Filed: 1/6/2011
 
 

 

 

 
09600SB3322ham004LRB096 17078 CEL 44798 a



1
AMENDMENT TO SENATE BILL 3322




2    AMENDMENT NO. ______. Amend Senate Bill 3322, AS AMENDED, 
3with reference to page and line numbers of House Amendment No. 
42, as follows:


 
5on page 11, line 5, after "claims", by inserting ", attorney 
6fees, attorney liens,"; and
 
7on page 12, by replacing lines 2 through 5, with the following:  
 
8"of the legal claim. If a lawyer or law firm represents one or 
9more consumers with outstanding civil litigation fundings from 
10the same civil litigation funding company, that civil 
11litigation funding company may not provide any type of funding 
12to the lawyer or law firm."; and
 
13on page 13, line 14, after "permitted.", by inserting "The 
14civil litigation funding company is prohibited from advancing, 
 
 
09600SB3322ham004- 2 -LRB096 17078 CEL 44798 a

1loaning, assigning, or otherwise providing funds, directly or 
2indirectly, to any attorney, law firm, or related entity for 
3the purposes of researching, investigating, developing, 
4prosecuting, or otherwise representing parties in class action 
5mass tort litigation."; and
 
6on page 20, by replacing lines 16 through 24, with the 
7following:
 
8    "(e) No licensee shall conduct the business of providing 
9non-recourse civil litigation funding under this Act within any 
10office, suite, room, or place of business in which any other 
11business is solicited or engaged unless the other business is 
12licensed by the Department and, in the opinion of the 
13Secretary, the other business would not be contrary to the best 
14interests of consumers and is authorized by the Secretary in 
15writing.".