Litigation funding—also known as litigation financing or third-party litigation funding (TPLF)—provides a person or entity with the money to pay attorney fees, expert witnesses, and other costs necessary for litigation. Litigation funding is essentially a loan, secured by the proceeds of the expected settlement or collection of judgment in a lawsuit, and is designed to allow persons or entities without the necessary resources to pursue valid claims in litigation.

In Nebraska, litigation funding, also known as third-party litigation funding (TPLF), is a practice where a third party provides financial assistance to a litigant to cover legal expenses such as attorney fees and expert witness costs. This funding is typically non-recourse, meaning that the funder will only be repaid from the proceeds of a settlement or judgment if the litigation is successful. Nebraska does not have specific statutes directly regulating litigation funding for general civil litigation. However, the practice must comply with general legal and ethical rules applicable to litigation and financial transactions, including those related to interest rates, disclosure, and attorney-client privilege. Attorneys involved in cases with litigation funding must adhere to professional conduct standards, ensuring that funding arrangements do not compromise their independent judgment or the client's interests. It is important for parties considering litigation funding in Nebraska to consult with an attorney to navigate the legal implications and ensure compliance with all relevant laws and ethical guidelines.