Virage Wins $4MM Promissory Note Claim in Texas Court
Virage Capital Management received a $4MM verdict from a Texas court, which declared that a promissory note from Texas and New York law firm Berg & Androphy is valid….
Funding Agreement Approved in Class Action Against Tim Hortons
A Canadian Superior Court has approved a funding agreement between Tim Hortons’ franchisees and a litigation funder. The class will now pursue a pair of actions – which have subsequently been certified by the court – against Tim Hortons which allege that the coffee and doughnuts chain improperly used advertising funds, and subverted the franchisees’…
As Enormous MasterCard Claim is Revived, New Litigation Funder Takes the Reins
Like the zombies in Netflix’s newest hit, ‘Black Summer’ (if you haven’t checked it out, I highly recommend — puts ‘Walking Dead’ to shame), the £14B MasterCard claim has been brought back to life. The claim is the largest in UK history, and one of the first filed under the Consumer Rights Act 2015, therefore making it…
IMF Bentham teams with Boies Schiller Flexner to provide US$30M capital and legal representation to parties with Vietnamese cross-border disputes
Journalist Seeks Litigation Funding in Al Jazeera / Muslim Brotherhood Case
Journalist Peter Greste, formerly of Al Jazeera’s Egyptian bureau, was imprisoned by the Egyptian government for coordinating with The Muslim Brotherhood, a group branded a terrorist organization by Egyptian authorities. After spending 400 days in prison and then being deported to Australia, Greste is now seeking litigation funding for a lawsuit against Al Jazeera, his…
Litigation Funding in Israel
There’s been a lot of talk about litigation funding expanding into new markets – Hong Kong, Singapore, Brazil, and the UAE. Somehow, amidst all the hullabaloo, one country with a secular democracy, large capitalist enterprise structure, and legal system that mirrors the US has gone mostly overlooked (we say ‘mostly’ because one funder recently opened…
Financial Poise™ Announces “Three Case Studies,” a New Webinar Premiering May 8th at 3:00 PM CST through West LegalEdcenter™
This webinar is co-produced by West LegalEdCenter™ and part of the “Commercial Litigation Funding 101” series. It will feature Jeremy Waitzman (Sugar Felsenthal Grais & Helsinger LLP); Evan Fried (Greybridge Capital LLC); Ken Epstein (Bentham IMF); and Joel Cohen (Stout).
As the legal funding market evolves, so too do the legal/ethical jurisprudence, strategic decisions inherent in utilizing funding, financial instruments used for funding, and nature of funder/funded relationship. In this webinar, a panel of experienced litigation funding professionals examine three live legal funding deals, and discuss how they impact considerations of (i) disclosure of litigation funding, (ii) fee-splitting and non-attorney ownership of law firms, and (iii) financial engineering of innovative funding deals.
Political Fight Brewing Over Mandatory Arbitration Clauses
It’s no secret that the litigation funding and arbitration industries go together like peanut butter and chocolate (never been a PB&J fan–). So it’s worth keeping an eye on any developments in arbitration that might severely impact the industry. And there’s one currently brewing in Congress: a pair of proposed bills that seek to do…
How IMF Bentham is Smoothing Out its ‘Volatile’ Free Cash Flow
IMF Bentham – one of only a handful of publicly-traded funders – has undergone a distinct evolution since its early founding. CEO Andrew Saker has reduced direct balance sheet deployment significantly, and that has had the positive effect of smoothing out free cash flow, which until recently had been relatively volatile….
Burford Capital Hit With $85MM Damages Claim in Russian Billionaire’s Divorce Case
Burford Capital, the world’s largest litigation funder, has been bankrolling the divorce claim of Tatianna Akhmedova, the wife (or already declared ex-wife, according to her husband – more on that below) of Russian billionaire Farkhad Akhmedov. A key component of the divorce proceedings is the $350MM super yacht – the Luna. The Luna was impounded in Dubai…
