Category Archives: Announcement

Modeso LLC Announces New Senior Credit Facility

KATONAH, NY / ACCESSWIRE / October 1, 2019 / Modeso LLC dba RapidFunds (“RapidFunds” or the “Company”) announced today that it has closed on a $70 million term loan facility, consisting of a $40 million delayed draw term loan and $30 million accordion feature, with a multi-billion dollar institutional investment firm. This financing provides the Company a long-term capital partner to enable RapidFunds to grow its business and expand its network of law firm relationships.

The Association of Litigation Funders of England and Wales appoints Susan Dunn as Chair

London 2 October 2019: The Association of Litigation Funders of England & Wales (“the ALF”) today announced the appointment of Susan Dunn as Chair at the ALF’s Annual General Meeting. Susan Dunn currently serves as a Director of the ALF and succeeds Leslie Perrin, following his expression of a desire to stand down this year after serving as Chair for almost 8 years.

Multi Funding USA Earns NMLS Certification

Woodstock, NY—September 24, 2019 — Multi Funding USA, a leading pre-settlement funding provider serving law firms and attorneys, announced that it has received NMLS  (Nationwide Mortgage Licensing System and Registry) certification, indicating that the company has the financial resources and security protocols to satisfy the needs of lawyers and plaintiffs. Applying for NMLS certification is completely voluntary. Only a select group of litigation finance providers have applied and received NMLS designation.

Burford Capital briefing on fair value and return computations

In response to investor inquiries, Burford Capital Limited (“Burford Capital” or “Burford” or “the Company”), the leading global finance and investment management firm focused on law, has today uploaded to the investor relations section of its website a briefing of the Company’s investment fair value and return computations.

Validity Finance Adds Experienced Dispute Funder Ronit Cohen to Investment Team, Secures Additional $50 Million in Capital Commitments

NEW YORK (September 18, 2019) – Litigation funder Validity Finance continues to build its U.S. investment team while expanding its capital base. The firm announced the arrival of Ronit Cohen, who joins Validity as portfolio counsel. A former trial lawyer who practiced at Simpson Thacher & Bartlett and O’Melveny, Ms. Cohen transitioned to litigation finance in 2012 and spent the past seven years as an investment professional at Bentham IMF.

Augusta raises additional $115m for litigation and dispute funding

London, 12th September 2019. Augusta, the UK’s largest litigation and disputes funder by case volume today announces it has raised a further US $115m from a multi-billion-dollar US-based investment manager.

ROSEN, A NATIONALLY RANKED LAW FIRM, Reminds Burford Capital Limited Investors of Important Deadline in Securities Class Action First Filed by the Firm; Encourages Investors with Losses over $100K to Contact the Firm – BRFRF, BRFRY

NEW YORK, Sept. 10, 2019 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Burford Capital Limited (OTC: BRFRF, BRFRY) from March 18, 2015 through August 7, 2019, inclusive (the “Class Period”) of the important October 21, 2019 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for Burford investors under the federal securities laws.

Litigation Capital Management (LCM) Limited (AIM:LIT), announces its full year results for the period ended 30 June 2019.

Litigation Capital Management Limited (AIM:LIT), a leading international provider of litigation financing solutions, today announces its audited financial results for the year ended 30 June 2019.

Legal-Bay Announces that PG&E has Established a $105MM Fund to Pay for Negligence Claims in California Wildfires

PARADISE, Calif.Sept. 9, 2019 /PRNewswire/ — Legal Bay Lawsuit Funding reports that as of last month, residents of northern California who have been displaced by the 2017 wildfires and 2018 Camp Fire can apply for aid through the Wildfire Assistance Program. The $105 million fund was approved by the judge during PG&E’s Chapter 11 case, and will be made available via the company’s cash reserves. It is intended to help the uninsured and/or anyone who needs financial assistance with housing costs or even daily living expenses while they rebuild their lives. Applications for funding are now open.