LCM Files Class Action Against Quintis Limited, Frank Wilson and Ernst & Young
A class action has been commenced today in the Federal Court of Australia, in Sydney on behalf of any person who bought shares in Quintis Limited (ASX:QIN) (Quintis) (until 23 March 2017 known as TFS Corporation Limited) between 31 August 2015 and 15 May 2017 (including anyone who already held shares in Quintis before this period and bought more during this period).
With Backing from Therium, UK Consumer Rights Advocate Cooks Up Class Action Against Google
A former director of UK consumer rights group Which is looking to form a class action against Google that would be valued “somewhere between £1bn and £3bn.” The action would be brought on behalf of 4.38 million Brits over the so-called Safari Workaround which placed Google Doubleclick cookies on the company’s i-products….
Woodsford Litigation Funding Announces Expansion into Israeli Market with Appointment of Yoav Navon
LONDON and TEL AVIV – Tuesday 22nd May 2018, Woodsford Litigation Funding, the global provider of litigation financing solutions for businesses, individuals and law firms, has announced the appointment of Yoav Navon as a consultant, based in Tel-Aviv. The appointment further illustrates Woodsford’s global ambitions, following last year’s expansion in the US and Singapore.
Phi Finney and Therium Get the Nod in GetSwift Class Action
An Australia Federal Court Judge ruled today that Phi Finney McDonald – funded by Therium Capital Management – will lead the sole class action against logistics company GetSwift. Justice Michael Lee stayed the two competing actions, which could have implications for a much bigger Aussie class action claim: the AMP case, where five separate law…
The Growing International Footprint of Litigation Funding
Litigation funding is rapidly becoming an increasingly common feature of global dispute resolution. Growing acceptance of the practice worldwide has led to key players in the funding market establishing global capacity and diversifying the range of matters and jurisdictions in which they invest….
Schulte Roth & Zabel Presents Its 6th Annual Private Equity Fund Conference
NEW YORK–(BUSINESS WIRE)–Schulte Roth & Zabel (SRZ) is hosting its 6th Annual Private Equity Fund Conference today in New York. The conference will focus on the issues that are top of mind for private equity funds. Specific topics covered at the seminar include: State of the Industry; Liquidity and Winding Up Issues; Litigation Finance; and Regulatory and Tax. The event is by invitation only.
Funders Undercut Each Other on Fees in AMP Class Actions
Ever since Maurice Blackburn threw its hat in the AMP class action ring, funders have been undercutting each other on price in order to win control of the claim that everyone expects will be unified from five class actions into one. Maurice Blackburn joined the AMP race boasting a 12.5% fee for its funder, Litigation…
Australian Financial Advisor IOOF May Face Funded Class Action
Investor Claim Partner (ICP) and Litigation Lending Services (LLS) have moved one step closer to funding a class action against IOOF, the Australian financial advisor alleged to have violated insider trading laws in 2015, after a Federal Court ordered IOOF to disclose documents pertaining to the allegations….
Modernity in the UAE: New Arbitration Law Makes Funding Claims More Attractive
The following is a contributed article by James Foster, Partner in the Dubai office of international law firm Gowling WLG.
In an important development for third party funders seeking investment opportunities in the Middle East, the United Arab Emirates issued its long-awaited new federal arbitration law last week. The new arbitration law, which comes into effect one month after publication in the UAE Official Gazette, replaces the provisions in the UAE Civil Procedures Law dating back to 1992, and applies to all existing and future domestic and international arbitrations with a seat in the UAE (excluding arbitrations seated in the Dubai International Financial Centre or the Abu Dhabi Global Market).
Bentham IMF’s Allison Chock Speaks Out on Litigation Funding Transparency Bill
Earlier this month, Senators Grassley (R-Iowa), Tillis (R-N.C.) and Cornyn (R-Texas) introduced The Litigation Funding Transparency Act of 2018. The bill seeks to mandate disclosure of both the existence of litigation funding agreements and the agreements themselves in any federal class action or MDL case.
The purported purpose of the Senators’ funding bill is to ensure that judges in third party-funded cases are free of any conflicts of interest, a proposition Allison Chock, Chief Investment Officer of Bentham IMF called “a red herring.”
