Court Ruling Could Help Shed Light on Owners of Litigation Funders, Medical Clinics

By William Rabb | December 22, 2025

“This is a very beneficial and very important decision. But it’s not enough,” said William Large, president of the Florida Justice Reform Institute, which has advocated for more limits on third-party financing of lawsuits.

Large was speaking about the U.S. 11th Circuit Court of Appeals’ opinion in National Small Business United vs. the Treasury Department, handed down Dec. 16. A three-judge panel overturned a lower court and found that the federal Corporate Transparency Act (CTA), passed in 2020, is not unconstitutional and can continue to require certain corporations to report the actual people who exercise control over the firms.

https://www.insurancejournal.com/news/national/2025/12/22/851869.htm