Legal Protection Group Partners with Wesleyan General Insurance
UK-based legal insurance provider Legal Protection Group is partnering with Wesleyan General Insurance to underwrite its before-the-event and after-the-event insurance products….
Hiring Binge Points to Accelerating Demand for Litigation Finance
Litigation finance firms are on the offensive – the hiring offensive, that is. In the last two weeks alone, numerous funders including Parabellum Capital, TownCenter Partners, Vannin Capital and Woodsford Litigation Funding have announced new hires or expansion plans, signaling growing demand for litigation finance not just in the U.S. but globally….
$200 Million Liquidation Claim Funded by IMF Bentham Set to Begin in Australia
With backing from IMF Bentham, liquidator Ferrier Hodgson is pursuing a $200 million claim against former officials of Clough and the now-defunct Forge Group. The pair of Australian engineering companies are alleged to have conducted insider trading on a sale of Clough’s stake in Forge, just before the latter went bankrupt in 2013….
Route1 Announces Investment by Bench Walk Advisors in its Lawsuit Against AirWatch for Patent Infringement
TORONTO, June 18, 2018 (GLOBE NEWSWIRE) — Route1 Inc. (OTCQB:ROIUF) (TSX-V:ROI) (the “Company” or “Route1”), a leading technology solutions innovator dedicated to delivering secure data protection technologies and mobility solutions for government and the enterprise sector, today announced that an affiliate of Bench Walk Advisors LLC (“Bench Walk”) has made a US $1,000,000 non-recourse investment directly into Route1’s lawsuit against AirWatch LLC (“AirWatch”) alleging that AirWatch is infringing Route1’s U.S. Patent No 7,814,216 (the “’216 Patent”).
Why Tech Startups & Entrepreneurs are Ripe for Litigation Funding
With the recent influx of capital into the litigation funding ecosystem, funders are insisting that ‘deployment pressure’ isn’t an issue; the pie is growing larger they say, and there are plenty of cases to go around. While that may be true, the most forward-thinking funders are already planning ahead for how to conquer new markets…
Huon Case Takes Center Stage in Australia
Lawmakers down under are debating whether to implement a regulatory framework around litigation finance. Their concerns stem from a series of high-profile class actions where claimants received a small percentage of the settlement amount, after the litigation funder involved in the claim took the bulk of the payout….
Parabellum Capital Grows, Sharpens Strategic Offerings with Key Hires
NEW YORK–(BUSINESS WIRE)–Parabellum Capital LLC (“Parabellum”), a leader in litigation finance, today announced key new hires in sourcing and underwriting. The firm has also relocated from New York’s Financial District to larger offices in Midtown Manhattan.
HGGC Successfully Completes Tender Offer for Outstanding Shares of RPX
SAN FRANCISCO and PALO ALTO, Calif., June 19, 2018 /PRNewswire/ — RPX Corporation (NASDAQ: RPXC) (“RPX”) and HGGC, LLC (“HGGC”) today announced that HGGC’s affiliate, Riptide Purchaser, Inc. (“Purchaser”), has successfully completed the previously announced tender offer (the “Offer”) to acquire all outstanding shares of RPX’s common stock at a purchase price of $10.50 per share, net to the seller in cash, subject to reduction for any applicable withholding taxes in respect thereof, without interest.
Audi CEO Arrested in Wake of VW ‘DieselGate’ Scandal
In a shocking development, Audi CEO Rupert Stadler was arrested at his home in Germany. German police previously raided Stadler’s home after he was charged with fraud in the wake of revelations that parent company Volkswagen Group installed “defeat devices” in 11 million diesel vehicles worldwide, in order to make it seem as if the vehicles were…
Plaintiff Ordered to Pay $700,000 in GST Refunds on Litigation Funder’s Investment
An Australian Federal Court has ruled that plaintiff Caason is obligated to pay $700,000 in tax credits on the GST paid by Singapore-based litigation funder International Litigation Partners (ILP). Caason initially withheld the tax credit money claiming it had advised ILP that it would do exactly that. ILP, however, claims no such agreement was made….
