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By Securities Docket on August 23, 2019, 9:41 am
In a development that some may find more than a little bit ironic, U.K.-based litigation finance firm Burford Capital has been hit with a securities class action lawsuit following a drop in its share price after a short seller published a report questioning the company’s financial reporting. Burford has denied the short seller’s allegations and […]
By Securities Docket on July 5, 2018, 8:49 am
Litigation-finance firms, which invest money in corporate legal disputes, are raising hundreds of millions of dollars and staffing up to put that money to work. The funders are attracting lawyers from elite law firms including Arnold & Porter Kaye Scholer LLP, Latham & Watkins LLP, Proskauer Rose LLP and Wachtell, Lipton, Rosen & Katz. The […]
By Securities Docket on September 18, 2017, 7:52 am
Third-party litigation funding has its critics and detractors (refer, for example, here and here). The fact is that third-party litigation funding is now well-established and is here to stay. A recent survey by one of the leading funding firms, discussed below, confirms that the acceptance and use of litigation funding is growing rapidly. The more […]
By Securities Docket on February 26, 2014, 9:39 am
Litigation finance has garnered a lot of attention recently. When a friend of mine, Adam Gerchen, told me last winter that he was launching his own investment firm focused on commercial litigation, Gerchen Keller Capital (“GKC”), I was intrigued. When he told me about their approach to the space, including financing litigation on the defense-side, I […]
By Securities Docket on November 9, 2012, 5:08 pm
Once again, Australian litigation funder hits it big in class action settlement.
By Securities Docket on June 21, 2012, 9:09 pm
Shareholders will receive just $101 million of record $200 million settlement in the Centro case.
By Securities Docket on June 19, 2011, 1:06 pm
Former securities litigator co-founds BlackRobe Capital, an investment management firm that invests in litigation.
By Securities Docket on December 14, 2009, 11:22 am
UK litigation funder clarifies it does not invest in class actions.
By Securities Docket on August 4, 2009, 1:47 pm
In New Zealand, a new litigation funder called LPF Group has been formed to to help investors fund legal action against companies and directors. According to Brian Gaynor of the New Zealand Herald, LPF Group may provide funding in situations including “receiverships, breaches of continuous disclosure rules, insider trading, inaccurate prospectuses and valuations, related party […]
By Securities Docket on June 18, 2009, 12:34 pm
In Australia, litigation funder IMF intends to fund a $1.2 billion class action on behalf of investors that have suffered losses after investing with Lehman Brothers Australia. The Age reports that IMF said the action could benefit up to 600 investors that bought complex debt securities that have plunged in value. The Age reports that […]