Augusta to Fund Class Action Against Michel’s Patisserie
Augusta Ventures is set to fund a class action brought by Corrs Chambers Westgarth against one of Retail Food Group’s (RFG’s) businesses, Michel’s Patisserie. The prominent bakery was caught selling cakes to consumers well past their sell-by date, and now franchisees are suing Michel’s for violating the Consumer Law Act….
Litigation Funding for the Restaurant Industry
Recently, Conagra Brands and Kraft Heinz sued Tyson Foods and other chicken suppliers for allegedly conspiring to inflate prices. That comes on the back of a large antitrust claim agains the pork industry, alleging price collusion since 2009. All of this has a major impact not just on the food processing and packaging industries, but…
What Sorts of Questions Are Institutional Investors Asking About Litigation Funding?
Institutional investors continue to pour money into the litigation finance sector. The prospect of attractive returns, uncorrelated to broader equity/bond markets, which may actually increase post-recession given the influx of legal claims likely to arise explains why institutional capital is flowing steadily into the space. But what concerns do institutional investors have about litigation funding,…
Stifel Securitizes US Claims’ Funding Portfolio
St. Louis-based investment bank Stifel has securitized a $78.2MM funding portfolio from consumer legal funder US Claims….
Term Sheet Exclusivity & MAC Clauses: Good or Bad Things for the Funding Industry?
At last week’s 2nd Annual Financing, Structuring and Investing in Litigation Finance conference, hosted by IMN in New York City, the third panel of the day discussed the topic of term sheet exclusivity. Namely, should funders mandate an exclusivity period whereby the claimant cannot approach or discuss potential funding, while the initial funder performs due…
Litigation Capital Management (AIM:LIT) announces funding of corporate portfolio transaction
Litigation Capital Management Limited (AIM:LIT) (LCM), a leading international provider of litigation financing solutions, announces it has signed an agreement to fund a corporate portfolio transaction with a leading global aviation business.
Why is There an Assault on the Poorest Amongst Us?
This article was contributed by Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding (ARC).
“Millions of Americans Are Just 1 Paycheck Away From ‘Financial Disaster’” was the title in a recent story in Barron’s. The article stated that 51% of working adults in the US would need to access savings to cover necessities if they missed more than one paycheck. That is the equivalent of over 78.2 million Americans.
Judge Warns Both Sides to Rein in Costs in Therium-Funded Claim
In Bates v Post Office, the Honourable Mr Justice Fraser warned both plaintiffs and defendant in the group litigation to rein in their costs, which have already exceeded £25MM….
Does Davey v. Money Signal an End to the Arkin Cap?
Ever since Sir Rupert Jackson recommended the removal of the Arkin Cap in 2009, on the grounds that litigation funding exists in jurisdictions without it, many in the UK have been expecting the cap’s eventual demise. Now, on the back of a recent ruling in Davey v Money [2019] EWHC 997 (Ch), that demise may be imminent….
Litigation Fund Provides Rosenblatt With Greater Flexibility
UK law firm Rosenblatt went public last year, and in the process announced plans to open a litigation funding arm. The law firm now has five cases under consideration, and CEO Nicola Foulston touts her firm’s litigation fund with providing increased flexibility when designing alternative fee arrangements….
