Bankrupt Company’s Trustee Looks to Clawback $6.3MM from Quinn Emanuel, and $2MM from IMF Bentham
The bankruptcy trustee for the now-defunct aircraft parts manufacturer Super98, is looking to clawback payments made to law firm Quinn Emanuel and litigation funder IMF Bentham, for a claim the company pursued against Delta Airlines.
Litigation Funding Is Ready for a Wider Reach in the Russian Market
St. Petersburg, Russia — (ReleaseWire) — 02/19/2020 — Although the Russian litigation finance market is at an early stage of development, a surge in the interest for legal funding solutions could be observed over the last year. While third party financing for legal proceedings has previously been provided by private investors or by law firms as an auxiliary business, specialized litigation finance companies have only recently appeared on the market.
Litigation Funder & Attorney Mark Elliott Dies in Car Accident
Mark Elliott, an attorney and litigation funder in Australia, has died in a car accident.
Multiple States Pursue Regulations Against Litigation Funders
Last week, Utah became the latest state to introduce a litigation funding bill, as state senator James A. Dunnigan filed House Bill 312, which would force litigation funders to register with the Department of Commerce, and also aims to regulate how they operate. Many lawmakers are blaming litigation funding for the rising cost of insurance, which is an argument that is being made by Big Insurance and the Chamber of Commerce against the industry.
IMF Bentham to become Omni Bridgeway
SYDNEY, 14 February 2020: IMF Bentham Limited (ASX:IMF) and Omni Bridgeway are excited to announce that IMF Bentham Limited is adopting the unified global name of Omni Bridgeway Limited, following a shareholder vote at the company’s General Meeting on 14 February 2020.
Woodsford to Fund Brand New Class Action Against AMP
Woodsford Litigation Funding is backing a class action against Aussie financial giant AMP, that will imminently be filed by Shine Lawyers. The action will allege that AMP violated its fiduciary duties to clients by permitting financial advisers to recommend in-house insurance products on a commission-fee basis. The suit will allege that AMP customers could have obtained similar products for lower prices on the open market.
UK Legal Industry Reaches All-Time High in 2019
The UK Legal Industry generated revenues of £37.1bn in 2019, up 4.8% on 2018 – an all-time record, according to data released today by the Office of National Statistics. To put this in context, overall 2019 UK Services Industries turnover was £2.3tn, up 3.5%.
Valuing Indemnity Protection Investment Returns in Litigation Finance
The following article is part of an ongoing column titled ‘Investor Insights.’
Brought to you by Ed Truant, founder and content manager of Slingshot Capital, ‘Investor Insights’ will provide thoughtful and engaging perspectives on all aspects of investing in litigation finance.
Therium Ordered to pay £3.95MM in Security for Costs
A UK High Court has ordered security for costs against litigation funder Therium Capital Management. Therium is funding Edwin Coe’s £150MM claim against HSBC and Disney, and the court wants to ensure that security for costs are in place before the claim can proceed.
JustKapital Considering Pulling Out of Westpac Claim in Wake of Common Fund Order Ruling
Litigation funder JustKapital is considering bailing on the Westpac claim, after the Australian Supreme Court overturned common fund orders.
