Blog Archives
Virage Wins $4MM Promissory Note Claim in Texas Court
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Date: Apr 19 2019
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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
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Date: Apr 19 2019
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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
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Date: Apr 19 2019
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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…
Journalist Seeks Litigation Funding in Al Jazeera / Muslim Brotherhood Case
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Date: Apr 19 2019
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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
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Date: Apr 19 2019
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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…
Political Fight Brewing Over Mandatory Arbitration Clauses
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Date: Apr 19 2019
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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
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Date: Apr 19 2019
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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
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Date: Apr 19 2019
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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…
Judge Rules in Favor of Arbitration for Thomas Girardi in Law Finance Claim
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Date: Apr 19 2019
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Famed Erin Brockovich attorney Thomas Girardi is facing a $15MM legal battle from Law Finance Group. The law firm funder is alleging that Girardi failed to make any stipulated payments on a loan to his law firm, instead spending the money on his – and his Real Housewives of Beverly Hills star wife Erika Jayne’s…
YieldStreet Expands into Art Financing With $170MM Athena Acquisition
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Date: Apr 19 2019
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YieldStreet, the digital platform for crowdfunded alternative investments including litigation finance and real estate, is expanding into art financing with the purchase of Athena Art Finance for $170MM….
