North Carolina legislation that bans litigation finance is awaiting the governor’s signature after the state legislature’s approval.
The Prohibit Litigation Investments Act (HB 315), introduced in March 2025, passed in the state House on Wednesday after the Senate’s approval on Tuesday. The goal is to “prevent the transformation of the civil justice system into a market for financial investment,” according to the bill language.
Democratic Gov. Josh Stein’s signature would enact the bill into law though it’s unclear what he will do. The governor’s office didn’t immediately respond to a request for comment.
North Carolina lawmakers are joining ...