Category Archives: Case Developments
Dutch class action progressing against Airbus relating to large-scale corruption and bribery
For many years, Airbus allegedly facilitated large-scale bribery and corruption in its aviation business. Airbus did not adequately inform the investing public about its wrongful conduct. Investigations by various authorities subsequently resulted in Airbus having to pay a fine of approximately € 3.6 billion (US$ 4 billion).
Harcus Parker and Bench Walk Advisors Bringing Claim Against Mastercard and Visa
Within the UK, lawsuits focusing on anti-competitive behaviour by corporations have become some of the most sought-after claims for litigation funders and law firms alike. New reporting suggests that we will soon see another claim filed at the Competition Appeal Tribunal (CAT) against two of the world’s largest payments companies, Mastercard and Visa….
LCM Announces £7MM in Profit from Carillion Litigation Against KPMG
Investments by litigation funders are always a delicate balance between the risk of a lost case against the potentially lucrative returns should the claim be successful. However, as a new announcement by Litigation Capital Management (LCM) demonstrates, backing the right case can lead to impressive financial gains for a funder….
Harcus Parker Leading Group Litigation Against UK Energy Suppliers
As everyday consumers around the world struggle with rising prices and constrained income, it is no surprise that there is significant interest in litigation representing these consumers against corporations who abuse their power. In the UK, a new group litigation effort looks to take on Britain’s energy companies for their practice of paying brokers to…
Woodsford Funds Class Actions Against Hyundai and Kia in Australia
As class actions continue to gain interest and investment from the litigation funding industry, the automotive sector remains an area full of opportunities, with consumers empowered to bring claims against manufacturers accused of malpractice or deceptive behavior. …
Winshear Gold Commences Arbitration Proceedings Against the Government of Tanzania for the Expropriation of Its SMP Gold Project
Winshear Gold Corp. (TSXV: WINS) (‘Winshear’, the ‘Company’, or the ‘Claimant’), formerly Helio Resource Corp., provides the following update on the dispute with the United Republic of Tanzania (“Tanzania”) which is the subject of arbitration through the International Centre for Settlement of Investments Disputes (“ICSID”), a member of the World Bank.
Omni Bridgeway and Baker McKenzie Lead Class Action Against Medibank
Class actions remain one of the most powerful tools for consumers to seek legal redress against corporate wrongdoing, with litigation funders ready and waiting to finance meritorious claims with the potential for strong financial returns. This week saw the launch of a major class action in Australia, as one of the country’s leading health insurers…
Funders, Law Firms and Legal Marketers Eyeing Camp Lejeune Claims
Many litigation funders are keeping a close watch on where the next source of mass class action claims could occur, with the potential to finance a large volume of cases and generate a lucrative return on investment. The Camp Lejeune tainted water scandal looks likely to become one of the largest sources of new claims,…
Court of Appeal Rules in Favour of Harbour in Dispute With Panamanian Foundation
As is always the case in litigation funding, a victory in the courts is not truly a success until judgements can be enforced and financial returns collected. A recent ruling in the Court of Appeal reinforced this principle, as Harbour received a favorable ruling from the court confirming its right to priority in the repayment…
Appeals Court Denies J&J’s Attempted Use of Bankruptcy Protection to Stop Cancer Lawsuits
In an update to one of the most significant sets of class action suits, Johnson & Johnson has been denied by an appellate court after it attempted to prematurely end class actions through the use of bankruptcy procedures….
