Litigation Finance Journal

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Institutional Investor’s Exit Illustrates the Long Shadow That Muddy Waters Casts Over the Funding Industry The case against Burford Capital has been made, and Burford’s response has subsequently been laid out. We’ve from heard from both sides on the issue, and it seems the market has spoken (said market can be fickle, however, so we’ll see what it’s saying six months or a year from now). That said, Muddy Waters’ allegations of Burford’s accounting impropriety…
Slater & Gordon Launch Third Superannuation Class Action with Funding from Therium Therium Capital Management is funding a superannuation class action brought by Slater & Gordon. This will be the law firm’s third such claim, this one launched against Westpac.  Please log in to read full articleLog In Register About View all posts by
PARADISE, Calif., Sept. 9, 2019 /PRNewswire/ — Legal Bay Lawsuit Funding reports that as of last month, residents of northern California who have been displaced by the 2017 wildfires and 2018 Camp Fire can apply for aid through the Wildfire Assistance Program. The $105 million fund was approved by the judge during PG&E’s Chapter 11 case, and will be made available via the company’s cash reserves. It is intended to help the uninsured and/or anyone who needs financial assistance with housing costs…
The following is a contribution from Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding (ARC).  What is the best way to reduce the amount of companies offering Consumer Legal Funding? Simple: Put a RATE on it! In Beyonce’s “Single Ladies (Put a Ring on it),” the lyrics read: “If you like it then you shoulda put a ring on it.” The US Chamber and Insurance Industry are singing a similar tune…
Fortress Investment Group to Acquire Vannin Capital New York-based investment firm Fortress is set to acquire London-based Vannin Capital. Vannin, which considered an IPO last year before pulling back, and has an office in NYC, will be bought outright by Fortress, in a move that signals the investment community’s sustained interest in the litigation finance sector, despite the recent Burford Capital / Muddy Waters fiasco.   Please log in to read full articleLog In
Aussie Insurance Company JLT Faces Second Harbour-Funded Class Action Insurance company JLT is already facing a class action in New South Wales, funded by Harbour Litigation Funding. Now, Quinn Emanuel Urquhart & Sullivan is filing a second action in Victoria, with Harbour funding this one as well. Please log in to read full articleLog In Register About View all posts by
There is no other way to express it; the US commercial litigation finance industry is under assault from a variety of different interest groups and the industry lacks a homogenous voice to counter the opposition and to communicate its strong benefits. No doubt, many industry participants are well aware of the recent report by a hedge fund short- seller against the industry’s largest participant.  While the report raises many issues for consideration, it is also…
Burford Issues Explanation of Napo Claim One of Muddy Waters’ chief allegations against Burford Capital is that the funder manipulates its financial reporting. The short-seller used the Napo Pharmaceuticals example to illustrate how Burford misreports earnings. Now, after a deluge of investor concern, Burford has released a 7-page explanation of its Napo accounting.  Please log in to read full articleLog In Register About View all posts by
UK-Based Ascent Resources is Courting Litigation Finance for a 50MM Euro Claim Against Slovenia London-headquartered and AIM-listed oil and gas exploration company, Ascent Resources, is courting litigation finance as it pursues a 50MM euro claim against the nation of Slovenia.  Please log in to read full articleLog In Register About View all posts by
MIAMI, Aug. 27, 2019 /PRNewswire/ — Brazil’s Minister for Justice, Sérgio Moro, will give the keynote address at The OffshoreAlert Conference Latin America on Financial Intelligence & Investigations on September 16-17, 2019. Tickets can be purchased now at oacbrazil.com, where you will also find details about our agenda and speakers. Attendees will learn how to detect financial crime, recover hidden assets, obtain litigation funding to pursue claims, file whistleblowing claims, evaluate investment opportunities, and increase their chance of success in high-value, cross-border…