Blog Archives
Parabellum Looking to Raise $350-$500MM for New Fund
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Date: Dec 12 2018
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Parabellum Capital is pursuing a $350-$500MM fundraise, just months after a hiring binge in which the funder added a trio of new directors, in addition to a senior advisor….
Court Orders UK Post Office to Explain Encrypted File in Therium-Funded Claim
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Date: Dec 12 2018
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Therium Capital Management is funding a claim by 550 postmasters against the UK Post Office, alleging that the Post Office’s broader accounting errors led to their being fined, and in some cases even imprisoned. The High Court hearing the case has ordered the Post Office to reveal why certain encrypted files have yet to be…
IMF Bentham Returns to Europe with Launch of IMF EMEA in London
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Date: Dec 12 2018
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Australian-based IMF Bentham will enter the European funding market, as the company launches a London-based subsidiary labelled IMF EMEA. The new firm will have $300M of seed capital to deploy across the European continent….
Validity Poaches Pair of Bentham Employees
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Date: Dec 12 2018
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Validity Finance – the company founded by Ralph Sutton, who helped launch the US subsidiary of IMF Bentham – has poached two Bentham professionals….
American Tort Reform Association Calls Out Wall Street Investment into Litigation Funding
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Date: Dec 12 2018
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The American Tort Reform Association (ATRA) has posted its annual list of ‘judicial hellholes’ and NYC ranked third on the list overall, but first in cities. Only two states – Florida and California, were ranked higher. One reason for The Big Apple’s high ‘hellhole’ ranking? Wall Street’s involvement in the litigation funding sector….
Litigation Funder Declines New Cases
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Date: Dec 12 2018
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UK-based Calunius has announced that its latest fund has completed deployment, and that the funder will not be accepting new cases for the time being….
UK Funder to Float on LSE in December
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Date: Dec 12 2018
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The insolvency-focused Manolete Partners plans to become only the second firm – after Burford Capital – to publicly trade on the London Stock Exchange….
Attorney General of India Floats Litigation Funding as Cure for Country’s ‘Access to Justice’ Problem
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Date: Dec 12 2018
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In a speech at India’s Constitution Day celebration, Attorney General KK Venugopal suggested litigation funding might be what helps the country whittle down the protracted delays of its justice system, and enables access to justice for the millions of Indians who don’t have the capital (or patience) to traverse the legal system….
Ex-Banker in London Now Intermediary Between Class Action Claim Holders and Litigation Funders
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Date: Dec 12 2018
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A former Australian banker has set up shop in London – arguably the litigation capital of the world – and is acting as a ‘claim shepherd’ or intermediary for those with multi-million pound class actions and the law firms and funders who will ultimately see the claim through to completion….
Canada Will Accept Litigation Funding Agreements… Just Not All the Terms Therein
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Date: Dec 12 2018
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Recently, a Divisional Court in Ontario shed some light on how Canada will respond to the presence of litigation funding agreements. The prevailing notion? That said agreements are permissible, but only if first watered down….
