Disclosure Trends in Patent Litigation Funding — What You Need to Know

As third-party litigation funding becomes more common in patent disputes, courts and legislators are paying increasing attention to transparency requirements. Here is a general overview of what patent owners considering litigation funding should know about the evolving disclosure landscape.

Federal Courts Are Increasing Disclosure Requirements
A growing number of federal courts have adopted standing orders or local rules requiring parties to disclose the existence of third-party litigation funding arrangements. As of the date of this publication, jurisdictions that have adopted some form of disclosure requirement include, but are not limited to:

  • Northern District of California
  • District of New Jersey
  • District of Delaware
  • Western District of Texas

These courts generally require parties to identify whether a third party has a financial interest in the outcome of the litigation and, in some cases, whether the funder has any influence over litigation decisions such as settlement.

Why Courts Are Requiring Disclosure
The stated rationales behind these disclosure requirements generally include:

  • Identifying potential conflicts of interest between funders and parties or counsel
  • Promoting transparency in how litigation is being financed and managed
  • Helping courts understand who has a meaningful stake in the outcome of the case

Considerations for Patent Owners and Funders
The expansion of disclosure requirements has raised several practical considerations:

  • Disclosure may require sharing certain details about the funding arrangement that the patent owner or funder would prefer to keep confidential
  • Defendants may attempt to use disclosure as a basis for discovery into the terms of the funding agreement or to create delay
  • Early-stage case management may involve additional motion practice related to funding disclosure

Best Practices for Navigating Disclosure Requirements

Patent owners considering litigation funding may want to:

  • Work with their attorney to understand the specific disclosure rules applicable to their chosen venue before entering into a funding agreement
  • Discuss with both their attorney and their funding partner how to structure communications to comply with disclosure obligations while preserving attorney-client privilege where appropriate
  • Choose a funding partner with experience navigating disclosure requirements in patent litigation

Compliance with disclosure requirements does not need to jeopardize a patent owner’s case. With proper preparation and experienced partners, patent owners can navigate these obligations effectively.

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