Category Archives: Case Developments
Burford Capital Moves to Secure $16 Billion Award from Argentina
The case of Petersen Energia Inversora SAU. v. Argentine Republic has already become one of the biggest stories in litigation finance this year, with Burford Capital’s financing of the lawsuit against Argentina leading to a $16 billion judgement from the US District Court. However, as many speculated at the time of the award, one of…
Mishcon de Reya Announces Opt-In Claim Against OneCoin Cryptocurrency Scheme
At the European Litigation Funding Conference in March of this year, it was notable that one of the first panels of the event focused on the potential growth of litigation targeting cryptocurrency companies that have allegedly defrauded customers. Whilst it is still uncertain how viable these claims can be, given the difficulties around the valuation of the underlying assets, the announcement of a new claim being brought in the UK suggests that the appetite for these lawsuits is still present.
Woodsford Awarded $1.8MM in Hosie Rice Claim
In most cases, the relationship between law firms and litigation funders is mutually beneficial, as they work together to help clients reach a successful conclusion to their lawsuit. However, the resolution of a long-running dispute between Woodsford and Hosie Rice over unpaid fees acts as a reminder that a breakdown in this relationship can lead…
Delta-Funded Arbitration Against Tanzania Reaches Conditional Settlement Agreement
The funding of international arbitration brought by corporations against governments is not without its challenges, as funders must endure lengthy proceedings whilst taking on sovereign states who often attempt to frame these disputes as examples of corporate greed. However, where funders are able to find examples of meritorious disputes in which companies have fallen victim…
Hearings in Gutmann v Apple Suggest Potential Impact of PACCAR Decision
Ever since the Supreme Court handed down its judgement in the PACCAR case, which saw the court rule that litigation funding agreements (LFAs) should be classified as damages based agreements (DBAs), we have been waiting to see what the impact on funded collective proceedings will be. New analysis suggests that recent submissions heard by the…
Burford Capital Statement on YPF Damages Ruling
Burford Capital Limited, the leading global finance and asset management firm focused on law, today releases the following statement in connection with the September 8, 2023 Findings of Fact and Conclusions of Law (the “Ruling”) issued by the United States District Court for the Southern District of New York (the “Court”) in connection with the Petersen and Eton Park cases against the Republic of Argentina and YPF (the “Case” or the “YPF Litigation”).
Hereford Litigation Funds New UK Class Action Against Google
There has been understandable concern, in the weeks since the Supreme Court’s judgement in PACCAR, that the appetite among funders to support large group actions in the UK might be diminishing. However, there are little signs of any slowdown in new funding commitments, as a new class action targeting Google and funded by Hereford Litigation…
Omni Bridgeway Funds Class Action Against BGC Housing Group in Western Australia
Providing financing for class actions remains one of the best possible engagements for litigation funders, as it represents not only the potential for lucrative returns, but also epitomizes the mission statement of funders to widen access to justice and support communities who lack the resources to seek compensation. A funding announcement for another class action…
Funders of Suspended Law Firm Seek to Join Disciplinary Case
Moving beyond single-case funding and actively supporting law firms through direct funding is certainly a tempting prospect for many funders, creating new avenues for lucrative returns on their investments. However, as LFJ recently reported, these investments can be risky where the funded law firm faces financial difficulties, or in this example, where the firm is…
High Court Approves GLO for Claim Against Bayer Over Essure Sterilisation Device
The vast power and resources of the pharmaceutical industry means that where patients and consumers suffer harm from faulty products or treatments, it can often be incredibly difficult for these individuals to seek legal recourse. However, the news of a group litigation order (GLO) being approved against a global pharmaceutical giant demonstrates the power of…
