Blog Archives
Slater and Gordon & IMF Bentham File Class Action Against Murray Goulburn
Type:
Date: Aug 21 2018
Location:
Event Website:
Contact:
Information:
One of Australia’s largest dairy food products companies, Murray Goulburn, has been hit with an investor class action. The action, on behalf of over 1,000 investors who purchased shares in Murray Goulburn’s listed entity MG Unit Trust between May 29, 2015 and April 26, 2016, is being brought by Slater and Gordon, and funded by IMF…
The Issue of ‘Control’ in Litigation Funding Arrangements
Type:
Date: Aug 21 2018
Location:
Event Website:
Contact:
Information:
As litigation finance matures into a mainstream legal instrument, it’s natural for lawyers who are new to the product to express concern. One of the concerns that frequently arises has to do with the question of control; namely, how much of it do litigation funders exert over the cases they finance? The simple answer is:…
Maurice Blackburn and Harbour Litigation Funding File Class Action Against Brambles
Type:
Date: Aug 21 2018
Location:
Event Website:
Contact:
Information:
Maurice Blackburn and Harbour Litigation Funding have filed a shareholder class action against Australian-based supply chain logistics group Brambles. This is the second class action to be filed against the $15B multi-national, alleging a breach of continuous disclosure obligations which caused shareholders to experience losses of 16% and 10% subsequent to a pair of stock…
Iceberg Research Courting Litigation Funders in Securities Claim Against Hong Kong-Based Noble Group
Type:
Date: Aug 21 2018
Location:
Event Website:
Contact:
Information:
Hong Kong-based commodities trader Noble Group has been posting some pretty massive losses lately. The latest second quarter results ended with a loss of $128.3M, less than 10% of its $1.75B loss one year ago. Iceberg Research, Noble’s harshest critic, is now calling on stakeholders to join a class action against the embattled trading company,…
Dennis Shields, Founder of LawCash, Esquire Bank and YieldStreet, Found Dead of Apparent Overdose
Type:
Date: Aug 21 2018
Location:
Event Website:
Contact:
Information:
Dennis Shields, the on-again / off-again boyfriend of ‘Real Housewives of New York City’ star Bethenny Frankel, was found dead of an apparent Oxycontin overdose. Shields founded LawCash, a pioneer in the Consumer Legal Funding space. He also helped launch litigation finance-focused Esquire Bank, and online lending and investment platform YieldStreet.
Top Firm Litigator to Lead New Montreal Office of Commercial Litigation Funder Bentham IMF
Type:
Date: Aug 21 2018
Location:
Event Website:
Contact:
Information:
Company hires Pierre-Jérôme Bouchard, litigation partner at McCarthy Tétrault, to head new office; Bentham’s expansion is driven by widespread interest in litigation finance and favorable jurisprudence concerning funding
MONTREAL (August 13, 2018) – Bentham IMF, a world-leading commercial litigation finance company, opened an office in Montreal this week, hiring McCarthy Tétrault litigator, Pierre-Jérôme (PJ) Bouchard, as Investment Manager and Legal Counsel. PJ will oversee Bentham’s efforts to provide financing solutions for the Quebec business and legal community. He will also be assisting in evaluating opportunities across the country and internationally as needed.
Morgan Stanley Successfully Blocks Former In-House Attorney from Sharing Sensitive Information with Litigation Funders
Type:
Date: Aug 21 2018
Location:
Event Website:
Contact:
Information:
Christopher Garvey is claiming that Morgan Stanley (MS) fired him from his position as in-house counsel in the company’s Hong Kong office because Garvey raised concerns about alleged foreign bribery and securities regulations. Garvey’s case against MS has been ongoing, but now a new wrinkle has emerged, with lawyers for MS successfully arguing that Garvey should…
Louisiana Bank Starts Litigation Funding Program
Type:
Date: Aug 21 2018
Location:
Event Website:
Contact:
Information:
Baton Rouge-based Investar Bank has assigned a trio of bankers to a team that is dedicated to sourcing and financing investment opportunities in the personal injury litigation funding space….
Litigation Funders Back Competing Truck Cartel Claims in the UK
Type:
Date: Aug 21 2018
Location:
Event Website:
Contact:
Information:
Calunius Capital, Vannin Capital, and Therium Capital Management are all financing an anti-competition claim against multiple truck makers, in the wake of a scandal which revealed that the truck manufacturers formed an illegal price-fixing cartel….
NYC Bar Association Issues Formal Opinion on Fee-Sharing by Litigation Funders
Type:
Date: Aug 21 2018
Location:
Event Website:
Contact:
Information:
“May a lawyer enter into a financing agreement with a litigation funder, a nonlawyer, under which the lawyer’s future payments to the funder are contingent on the lawyer’s receipt of legal fees or on the amount of legal fees received in one or more specific matters?”
That is the question posed by the New York City Bar Association (NYCBA), which then offered a formal opinion on the matter. According to the NYCBA, such an agreement violates Rule 5.4 of the New York Rules of Professional Conduct, which prohibits fee-sharing with non-lawyers.
