Blog Archives
Co-Founder’s Arrest Spells Bankruptcy for Las Vegas Tech Company
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Date: Oct 31 2020
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Invictus Global Management LLC is providing $10 million in funding to cover the legal proceedings of NS8, a Las Vegas-based fraud prevention and cybersecurity company. This week, the company filed for Chapter 11 in a Delaware court.
Insolvency Class Action Against Wirecard AG
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Date: Oct 31 2020
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German payment processor Wirecard has filed for insolvency as of June 2020. This comes after a startling admission that over $2 billion in cash listed on its balance sheets did not actually exist. Unsurprisingly, this led to a share price drop of over 90% over the course of a week—disastrous for those whose pension funds were invested in it by default.
Funder Milberg Hit with GBP 21K Fine
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Date: Oct 31 2020
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International litigation funder Milberg Ltd has been fined GBP 21,000 for allegedly mishandling GBP 3MM intended for a class action the firm was not involved in. Initially, the money was meant for a Milberg subsidiary, Ferguson Funding Limited, for a class-action suit against a car manufacturer in a scandal involving emissions.
Lupaka Submits Request for Arbitration Claim Against the Republic of Peru
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Date: Oct 31 2020
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Lupaka Gold Corp. (“Lupaka” or the “Company“) (TSX-V: LPK, FRA: LQP) reports that it has completed the next step in its international arbitration claim against the Republic of Peru.
Legal Funding for Liquidation Approved in British Virgin Islands
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Date: Oct 31 2020
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Last month, a commercial court in the British Virgin Islands officially recognized the use of third-party legal funding by liquidators in an insolvency case. The practice had been going on for some time, but this first written ruling on the matter is considered an overt approval of the practice.
Institutional Investors in Omni Bridgeway
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Date: Oct 31 2020
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Omni Bridgeway is considered a smallish company, despite a market capitalization of nearly a billion AU dollars. Still, institutional investors are buying in. To some minds, institutional buy-ins validate a stock’s overall value. Others caution against putting too much faith in how institutions invest. A recent analysis looks at investor data for the previous 12-month period.
Burford Capital and the Future of Legal Finance
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Date: Oct 31 2020
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Burford Capital’s 2020 legal finance report is teeming with useful information on the state of the industry and where litigation funding is headed. Featured are managing director Greg McPolin and CMO Liz Bingham.
Car Accident Loans – An Option You May Not Know About
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Date: Oct 31 2020
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No one plans for a car accident. By definition, they come as a surprise. When they happen, the result can range from mild inconvenience to life-changing physical, emotional, and financial consequences. If you’re not already well-monied, a car accident loan might be a viable option.
Nigerian Oil Skirmish Continues as Eni and Shell Ramp Up Attacks
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Date: Oct 31 2020
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A case between the Nigerian government and oil giants Eni And Shell is still underway. The issue is OPL245, and an allegedly corrupt deal made in 2011. While everyone involved maintains that their actions were legal, prosecutor Fabio de Pasquale and the Federal Republic of Nigeria are looking to prove otherwise.
Do Aussie Insurance Rate Increases Foretell the Same in the US?
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Date: Oct 31 2020
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Commercial trucking insurance rates have climbed steadily over the last decade. Despite price hikes, the industry has underperformed for the last nine straight years. The problem? According to some, Litigation Finance coupled with ‘nuclear verdicts’ is helping losses far outpace profits.
