Legal Professor Refutes Arguments Against Foreign Funding of U.S. Lawsuits
Among the various criticisms faced by the litigation funding industry, one that has found a resurgent voice in recent months has been the claim that allowing third-party funding of lawsuits in the U.S. is a threat to national security where foreign investors are financing lawsuits. This critique has been leveled by the Chamber of Commerce…
Key Takeaways from LFJs Special Digital Event: Key Trends and Drivers for Litigation Funding in 2023
On January 25, 2023, Litigation Finance Journal hosted a special digital event: Key Trends and Drivers for Litigation Funding in 2023. The hour-long panel discussion and audience Q&A was live-streamed on LinkedIn, and featured expert speakers including William Farrell, Jr. (WF), Co-Founder, Managing Director and General Counsel of Longford Capital, Laina Hammond (LH), Co-Founder, Managing Director and Senior Investment Officer of Validity Finance, and Louis Young (LY), Co-Founder and CEO of Augusta Ventures. The discussion was moderated by Rebecca Berrebi (RB), Founder and CEO of Avenue 33, LLC.
Amicus Capital and RapidFunds Announce Strategic Partnership
Katonah NY. Modeso LLC D/B/A Rapidfunds (“RF”), today announced that they have signed an agreement with Amicus Capital (“AC”), a prominent investment firm in the legal financing market, establishing a partnership to provide financing to law firms throughout the United States. Through this partnership, RF and AC will market each other’s services to existing and prospective law firms on a nationwide basis by leveraging their extensive databases of law firms.
Justice Department Bringing Antitrust Case Against Google
Multinational technology companies are appearing as targets for antitrust lawsuits in several jurisdictions, with these tech giants facing scrutiny for how they may be misusing their dominant market positions. Whilst these antitrust cases have historically found more welcoming legal frameworks in Europe, an impending lawsuit against Google looks to follow that trend in the U.S….
EU Representative Action Directive Could Generate New Opportunities for Funders
Analysis of regulatory development in the European Union has largely focused on the potentially negative consequences of the proposed changes outlined in the Voss Report. However, there is equal opportunity for the EU’s Representative Action Directive to generate a wave of group action activity across the continent, with funders able to capitalize on these forthcoming…
Crypto Bankruptcies Attract Interest from Litigation Funders
Once viewed as a bold new frontier for retail investment, cryptocurrency has suffered in recent times with huge declines in the value of certain currencies, alongside a number of crypto companies either collapsing or falling foul of scandals involving customers being misled and defrauded. However, as many industry analysts have been speculating, it seems that…
London Litigators Spotlight Litigation Funding Among Top Disputes Trends
The current economic climate seems to represent a perfect storm of destabilizing factors, with countries still dealing with the after effects of the pandemic, inflation on the rise and the war in Ukraine affecting supply chains and more. As a result, litigators are predicting one of their busiest years yet in terms of disputes, and…
UK Funder Novitas to Write Off £90MM Over Unsuccessful Cases
An important reminder of the volatility of the funding industry has come into the spotlight, as a UK merchant banking group announced its litigation funding arm had failed to find success from its investment in cases….
LegalPay Announces Joint Venture with Goldi Solar Group
Despite being viewed as a less prominent market in the global scope of litigation funding, India continues to experience a regular cadence of legal finance activity. This is in large part due to the presence of LegalPay, the country’s leading funder, which once again made headlines with the announcement of its joint venture with Goldi…
Amicus Capital Highlights the Ethical Nature of Litigation Funding
Critics of litigation funding often cite a myriad of reasons why the practice should come under increasing regulation, claiming it lacks transparency and that funders exert control over the litigation process. However, proponents of the industry are not remaining silent in the face of these arguments, with one funder highlighting the ethical nature of third-party…
