Blog Archives
Augusta to Fund Class Action Against Michel’s Patisserie
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Date: Jun 18 2019
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Augusta Ventures is set to fund a class action brought by Corrs Chambers Westgarth against one of Retail Food Group’s (RFG’s) businesses, Michel’s Patisserie. The prominent bakery was caught selling cakes to consumers well past their sell-by date, and now franchisees are suing Michel’s for violating the Consumer Law Act….
Litigation Funding for the Restaurant Industry
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Date: Jun 18 2019
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Recently, Conagra Brands and Kraft Heinz sued Tyson Foods and other chicken suppliers for allegedly conspiring to inflate prices. That comes on the back of a large antitrust claim agains the pork industry, alleging price collusion since 2009. All of this has a major impact not just on the food processing and packaging industries, but…
What Sorts of Questions Are Institutional Investors Asking About Litigation Funding?
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Date: Jun 18 2019
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Institutional investors continue to pour money into the litigation finance sector. The prospect of attractive returns, uncorrelated to broader equity/bond markets, which may actually increase post-recession given the influx of legal claims likely to arise explains why institutional capital is flowing steadily into the space. But what concerns do institutional investors have about litigation funding,…
Stifel Securitizes US Claims’ Funding Portfolio
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Date: Jun 18 2019
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St. Louis-based investment bank Stifel has securitized a $78.2MM funding portfolio from consumer legal funder US Claims….
Term Sheet Exclusivity & MAC Clauses: Good or Bad Things for the Funding Industry?
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Date: Jun 18 2019
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At last week’s 2nd Annual Financing, Structuring and Investing in Litigation Finance conference, hosted by IMN in New York City, the third panel of the day discussed the topic of term sheet exclusivity. Namely, should funders mandate an exclusivity period whereby the claimant cannot approach or discuss potential funding, while the initial funder performs due…
Judge Warns Both Sides to Rein in Costs in Therium-Funded Claim
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Date: Jun 18 2019
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In Bates v Post Office, the Honourable Mr Justice Fraser warned both plaintiffs and defendant in the group litigation to rein in their costs, which have already exceeded £25MM….
Does Davey v. Money Signal an End to the Arkin Cap?
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Date: Jun 18 2019
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Ever since Sir Rupert Jackson recommended the removal of the Arkin Cap in 2009, on the grounds that litigation funding exists in jurisdictions without it, many in the UK have been expecting the cap’s eventual demise. Now, on the back of a recent ruling in Davey v Money [2019] EWHC 997 (Ch), that demise may be imminent….
Litigation Fund Provides Rosenblatt With Greater Flexibility
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Date: Jun 18 2019
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UK law firm Rosenblatt went public last year, and in the process announced plans to open a litigation funding arm. The law firm now has five cases under consideration, and CEO Nicola Foulston touts her firm’s litigation fund with providing increased flexibility when designing alternative fee arrangements….
Lawdragon Recognizes Andrew Saker and Allison Chock of IMF Bentham
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Date: Jun 18 2019
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Lawdragon, a provider of free online guides for US-based legal news, has named IMF Bentham CEO Andrew Saker and Bentham IMF (the US subsidiary of IMF Bentham) CIO Allison Chock as two of its 100 Leading Legal Consultants and Strategists….
Another Billionaire Secretly Finances Litigation – This Time Over a Jeff Koons Scuplture
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Date: Jun 18 2019
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First there was Peter Thiel, who backed Hulk Hogan’s successful lawsuit against Gawker, and now there’s Ronald Perelman. Perelman, who runs the conglomerate MacAndrews & Forbes Group (MAFG), has been secretly funding Hollywood Produer Joel Silver’s lawsuit against art gallery owner Larry Gagosian. The funding deal was uncovered by Gagosian’s lawyers, who wrote a letter to…
