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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…
Term Sheet Exclusivity & MAC Clauses: Good or Bad Things for the Funding Industry? At last week’s 2nd Annual Financing, Structuring and Investing in Litigation Finance conference, hosted by IMN in New York City, the third panel of the day discussed the topic of term sheet exclusivity. Namely, should funders mandate an exclusivity period whereby the claimant cannot approach or discuss potential funding, while the initial funder performs due diligence on the case? Please log…
Litigation Capital Management Limited (AIM:LIT) (LCM), a leading international provider of litigation financing solutions, announces it has signed an agreement to fund a corporate portfolio transaction with a leading global aviation business. The global aviation business portfolio transaction will: fund 38 worldwide disputes and contractual claims arising from the operations of the corporate; be for an initial five-year rolling period with optionality to extend the number of cases and the size of finance available; and…
This article was contributed by Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding (ARC). “Millions of Americans Are Just 1 Paycheck Away From ‘Financial Disaster’” was the title in a recent story in Barron’s. The article stated that 51% of working adults in the US would need to access savings to cover necessities if they missed more than one paycheck. That is the equivalent of over 78.2 million Americans. The story…
Does Davey v. Money Signal an End to the Arkin Cap? Ever since Sir Rupert Jackson recommended the removal of the Arkin Cap in 2009, on the grounds that litigation funding exists in jurisdictions without it, many in the UK have been expecting the cap’s eventual demise. Now, on the back of a recent ruling in Davey v Money [2019] EWHC 997 (Ch), that demise may be imminent. Please log in to read full articleLog In Register
Litigation Fund Provides Rosenblatt With Greater Flexibility UK law firm Rosenblatt went public last year, and in the process announced plans to open a litigation funding arm. The law firm now has five cases under consideration, and CEO Nicola Foulston touts her firm’s litigation fund with providing increased flexibility when designing alternative fee arrangements. Please log in to read full articleLog In Register About View all posts by