Senator Wilson Praises Passage of Judicial Transparency Bill

COLUMBUS — Senator Steve Wilson (R-Maineville) praised the Ohio Senate's passage of House Bill 105, which protects Ohioans with strengthened third party litigation financing regulations. 

HB 105 is a companion bill to Senate Bill 10, sponsored by Sen. Wilson and Senator George Lang (R-West Chester).

Third-party litigation filing refers to hedge funds, investment firms, and other entities that invest in lawsuits to receive a portion of the recovery. 

"We can't let Ohio's judicial system be a way for investors to gamble like a case is a lottery ticket," Sen. Wilson said. 

While the legislation doesn't outlaw the practice, it creates much-needed transparency that promotes accountability.

"While I believe more could still be done," he said, "this is a great step to protect Ohio's consumers, businesses, and judicial system."

The Ohio Senate sent the bill to Governor DeWine for his signature. 

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