Category Archives: Case Developments
Funder Purchases Claim Against Medical Company Accused of Fraudulent Restructuring
In the current financial climate, and with many companies still struggling to recover from the effects of the pandemic, the risks of malpractice and wrongdoing by these insolvent companies’ directors and their financial backers has reached the spotlight. In a new case set to be heard before the High Court, a medical company is facing…
Victims of Brazil’s ‘sinking city’ to have case heard in the Netherlands
Communities lost to damage caused by salt mines in Northern Brazil are celebrating after securing the right to sue petrochemical company Braskem in the Dutch courts.
$2.1MM in Costs Awarded to James Hardie on Harditex Fibre Cement Cladding Boards Case
The High Court in Wellington, New Zealand, has ruled that 153 home owners failed to prove that James Hardie construction materials were the cause of leaks and rot in their homes. The Court awarded James Hardie $2.1MM in court costs to defend the case, out of the $2.3MM the company requested. …
High Court Approves EQC On-Sold Class Action
The way may soon be clear for “On-Sold” homeowners to access a cash payment from EQC without the stringent conditions previously in place.
Harbour Funds Dual Lawsuits Against Google in the UK and Netherlands
As tech companies have grown in size and market power over the last two decades, many critics have accused these multinational corporates of abusing their near-monopolistic status. A new lawsuit being pursued in both the UK and EU jurisdictions is leveraging litigation funding to hold one of these tech giants to account, and restore the…
Dispute Between Funder and Law Firm over Fees Reaches Federal Court
The biggest challenge for a funder taking on an investment in a case is the need to balance potential financial returns against the risk of losing one’s investment. However, an ongoing matter making its way through the federal court system in the US shows that even when a case is successful, funders may still face…
Manolete Partners writes down GBP2.3 million on High Court decision
Manolete Partners PLC on Friday said it has received a “rare adverse decision” on one of its larger cases from the UK High Court, forcing it to write down GBP2.3 million.
Litigation Lending Class Action Secures Compensation for NT Stolen Generations Survivors and Family Members
Class actions are often thought of as a method to address ongoing or recent grievances against a corporate or public entity, but they also have the potential to provide legal redress against historical wrongdoing. This has been most recently illustrated by the NT Stolen Generations class action in Australia, which secured a $50 million settlement…
Court of Appeals Case Raises Questions for Funded Patent Suits
Patent infringement suits have been increasingly viewed as valuable prospects for litigation funders willing to foot the bill and go toe-to-toe with large corporates accused of infringement. However, a recent case making its way through the federal court system has implications for future funding arrangements and the resulting consequences should funders fail to recoup their…
Australian Small Businesses Leverage Funding to Pursue Class Action
Litigation funding allows consumers to seek legal redress against companies when their consumer rights are infringed, and is also a valuable asset for small business owners who lack the financial resources to stand up to those they enter into commercial agreements with. In the latest example of such a case, Australian businesses have launched a…
