Dick Smith Retailer Facing 2nd Class Action Backed by ICP
The now-defunct Australian retailer Dick Smith is facing a 2nd class action suit, to be brought on behalf of shareholders who purchased stock since 2013, and funded by litigation financier ICP….
How Did Australia Become Ground Zero for Litigation Finance?
It’s no secret that Australia is one of the world’s most active markets for litigation funders, both by number of cases and number of participants. There are an estimated 30 funders competing for investment opportunities in the land down under, helping to finance more than 500 class action lawsuits since 1992, compared to none before…
Legal Intelligencer Names USClaims Top Legal Funding Firm for 8th Consecutive Year
Readers of The Legal Intelligencer voted USClaims as one of the top legal funding firms in the country, in the publication’s “Best of 2017” survey. This marks the 8th consecutive year that USClaims has reached the top tier of the survey, and to top things off, the firm won 1st place in the Best Consumer Litigation Funding category.
Woodsford Follows Burford Into Singapore
Fresh on the heels of Burford’s Singapore expansion announcement, Woodsford Litigation Funding is following suit, as the UK-based litigation funder plants its seed in the new ‘center for international arbitration’ in Asia….
Peter Thiel-Backed Startup Legalist Offers $100k to Women Looking to Sue Harvey Weinstein
America’s favorite third party funder is at it again! Billionaire PayPal Co-Founder Peter Thiel – who you may recall bankrolled Hulk Hogan’s successful lawsuit against Gawker, in a case which brought third party funding to the forefront of mainstream news – has now offered $100,000 in legal services to women who have been sexually abused…
Lewis Baach Recruits Partner from The Judge
What goes around, comes around… Litigation funders have been poaching top talent from law firms for years now. So it’s only fair that the cycle works in reverse, right? Apparently the folks at Lewis Baach think so, as they’ve just announced their latest hire: A former partner at third party funder The Judge Group….
Vannin Hires Judges as Investment Advisors
Who says Judges should only judge the law? UK-based Vannin Capital announced recently that it is bringing former California Supreme Court Justice Carlos Moreno, former New York state Court of Appeals Judge Robert Smith and former U.S. District Judge Ricardo Urbina of the District of Columbia, on board as investment advisers….
UK-Based Temple Funding Urges Regulatory Oversight of Third Party Funding Industry
Temple Funding is urging UK regulators to closely monitor the third party funding industry – of which it is a member – and has joined calls for the sector to be properly regulated by the Financial Conduct Authority (FCA).
Year of the (Third Party Funded) Rooster: Hong Kong Launches Inaugural Arbitration Week
Hong Kong continues its push to become a center for international arbitration, with the launch of Hong Kong Arbitration Week, as well as the 14th International Federation of Commercial Arbitration Institutions (IFCAI) biennial conference, held in Hong Kong.
Arkansas Business Groups Form Coalition to Support Tort Reform
Tort reform is shaping up to become a major issue in Arkansas this November, as business groups ranging from trucking to poultry to health care announced their plan to form a coalition in order to raise funds in support of a proposed constitutional amendment that seeks to limit payouts in lawsuits.
