John Freund

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IMF Bentham launches new US$500 million Fund in response to increased worldwide demand for dispute resolution finance SYDNEY, AUSTRALIA 20 JUNE 2019: IMF Bentham (ASX:IMF) (operating in the US and Canada as Bentham IMF) announces the launch of a new US$500 million fund (‘Fund 5’) to underwrite non-US disputes around the world. Please log in to read full articleLog In Register About View all posts by
Litigation Funding Pops Up in Another South African IP Claim First there was the ‘Please Call Me’ case, where Nkosana Makate is suing Vodacam for allegedly poaching his idea for a free text app that signals to the recipient you’d like a call back (for users with no money left on their SIM cards). That case is being funded by litigation funder Raining Men Trade. Now we have Thandile Jwambi and Tatolo Kutumane, who are…
RD Legal Files Opening Brief in 2nd Circuit Court of Appeal Consumer legal funder RD Legal has filed its opening brief in the 2nd Circuit Court of Appeal. The funder is appealing Judge Loretta Preska’s June 2018 order to void its funding agreements with ex-NFL players and members of the September 11th Victim’s Compensation Fund, on the basis that the funding agreements were in effect assignments, and therefore void under the anti-assignment clause of the…
Thomas Girardi Faces Second Suit from Law Firm Lender Claiming Failure to Repay Prominent attorney Thomas Girardi (of Erin Brockovich fame) has been hit with a second failure to repay lawsuit, this time from law firm lender Stillwell Madison. The suit alleges that Girardi and his Real Housewives of Beverly Hills star wife Erika Jayne used a $5MM law firm loan to pay for personal expenses and fund their lavish lifestyle. Please log in to…
Why Litigation Funders Use Prepaid Forward Contracts for Tax Purposes Legal accounting can be a tricky enterprise, especially after the latest tax law. Something claimants have to consider is their tax bill after securing funding. After all, if they legally sell a portion of their asset (the outcome of their legal claim), they may be on the hook for a large tax bill on that sale. Fortunately, there is a workaround here, and it’s called…
Canberra Airport in Australia Has Same Combustible Cladding As Type Used in IMF Bentham-Funded Class Action William Roberts Lawyers is bringing an IMF Bentham-funded product liability claim against Fairview, a supplier of Vitrabond, which is a type of aluminium composite panel. It turns out, Australia’s Canberra Airport, which serves Australia’s capital city of Canberra (nope, it’s not Sydney!) contains roughly 8,000 meters of that same Vitrabond cladding. Please log in to read full articleLog In Register
Augusta to Fund Class Action Against Michel’s Patisserie Augusta Ventures is set to fund a class action brought by Corrs Chambers Westgarth against one of Retail Food Group’s (RFG’s) businesses, Michel’s Patisserie. The prominent bakery was caught selling cakes to consumers well past their sell-by date, and now franchisees are suing Michel’s for violating the Consumer Law Act. Please log in to read full articleLog In Register About View all posts by
Litigation Funding for the Restaurant Industry Recently, Conagra Brands and Kraft Heinz sued Tyson Foods and other chicken suppliers for allegedly conspiring to inflate prices. That comes on the back of a large antitrust claim agains the pork industry, alleging price collusion since 2009. All of this has a major impact not just on the food processing and packaging industries, but on the restaurant industry as well – given that a full 1/3 of all…
What Sorts of Questions Are Institutional Investors Asking About Litigation Funding? Institutional investors continue to pour money into the litigation finance sector. The prospect of attractive returns, uncorrelated to broader equity/bond markets, which may actually increase post-recession given the influx of legal claims likely to arise explains why institutional capital is flowing steadily into the space. But what concerns do institutional investors have about litigation funding, and what questions are they asking? Please log in…