Acuity Law Signs £10m Litigation Funding Deal with Augusta
Leading Welsh commercial law firm Acuity Law has agreed a £10 million litigation funding facility with the UK’s largest litigation funder by volume, Augusta Ventures.
UK Court of Appeal Approves Therium’s £3B Opt-Out Class Action Against Google
A UK Court of Appeal has approved the enormous U.S.-style class action against Google in the now infamous ‘Safari workaround’ claim. 4 million claimants will be represented in an opt-out action brought by Mishcon de Reya and backed by Therium Capital Management.
Leading Dispute Financiers IMF Bentham and Omni Bridgeway Announce Plans to Merge
SYDNEY (October 15 2019) Leading litigation and disputes funder IMF Bentham Limited (IMF Bentham) (ASX:IMF) announces that it is acquiring Omni Bridgeway Holdings BV (Omni Bridgeway) to create a truly global diversified funder with over A$2.2 billion in capital to fund disputes and enforcement proceedings of significant size and complexity throughout the world.
IMF Bentham Funding Class Action Against CBL
IMF Bentham is funding a shareholder class action against New Zealand-based CBL Corp., claiming the company failed to disclose that the Reserve Bank of New Zealand had been investigating its solvency for several years. CBL has since entered liquidation, leaving many shareholders out in the cold.
Woodsford Litigation Funding continues its significant expansion with three key London hires and continued international recruitment drive
LONDON 14 October 2019, Woodsford Litigation Funding, the global provider of litigation financing solutions for businesses, individuals and law firms, has announced further expansion of its international executive team with the appointment of Adam Erusalimsky to the position of Senior Investment Officer, Alex Hickson as Investment Officer and Daniel Littman as Commercial Manager. All three will be based at Woodsford’s London HQ.
Singapore Expands Third Party Funding to Domestic Arbitration and SICC Claims
Singapore made waves two years ago when – along with Hong Kong – it formally legalized litigation funding. The motivation was to boost the prominence of Singapore’s international arbitration center. As such, Singapore only allowed funding in international arbitration claims… until now. The city-state has announced that litigation funding will be expanded to both domestic arbitration and certain Singapore International Commercial Court proceedings.
MDL Judge Rejects Motion to Disclose Litigation Funding
The judge in a product liability MDL in the U.S. District Court for the District of New Jersey has rejected the defense’s motion to discover whether the plaintiff is using litigation funding.
Baker Street Funding Secures $30 Million for New Attorney Focused Fund
NEW YORK, NY / ACCESSWIRE / September 23, 2019 / A leading pre-settlement funding provider, Baker Street Funding LLC, announced today the closing of a series A round of investment into their Attorney Funding Division. Founded in 2018, Baker Street Funding has quickly become a rising star in the legal funding space and their core business model is to provide plaintiffs with much needed liquidity while their case is awaiting settlement. The newly named Attorney Funding Division will provide Attorney Funding to law practitioners across the country.
Prominent GCs Want FRCP Oversight of Litigation Funding
45 general counsel and chief legal officers have signed a letter which requests that the Committee on Rules of Practice and Procedure amend the Federal Rules of Civil Procedure as pertains to three specific areas of MDL litigation: census of claims, interlocutory appellate review, and litigation funding.
Judge Dismisses Burford Client’s Appeal in AMP Case
To no one’s surprise, Justice David Hammerschlag – known in NSW legal circles as ‘The Hammer’ – dismissed the appeal of Ms Marion Antoinette Wigmans. Wigmans had been one of the five lead plaintiffs to file a claim against financial giant AMP. Her claim – along with three others – were stayed by the presiding judge in favor of a no-win, no-fee claim brought by Maurice Blackburn. Wigmans was the only plaintiff to file an appeal of that ruling, and the Appeals Court just upheld the trial court’s decision.
