Category Archives: Commercial
Unsubstantiated Arguments against Third Party Litigation Funding by the U.S. Chamber of Commerce
The following piece was contributed by Boris Ziser and John Schneider of law firm Schulte Roth & Zabel.
As famed British-American author and journalist Christopher Hitchens astutely observed, “exceptional claims require exceptional evidence.”[1] Alas, the U.S. Chamber of Commerce’s Institute for Legal Reform (“ILR”) overlooks Hitchens’ directive in its November 2022 paper “A New Threat: The National Security Risk of Third Party Litigation Funding” (“ILR Paper”). The ILR Paper, in short, makes an exceptional set of claims about the bad faith of American lawyers, the implied ineptness of our judges and the way our legal system functions, without providing the requisite evidence to back it up.
High Court Judgement Suggests Bright Future for UK Collective Actions Outside the CAT
At last week’s European Litigation Funding Conference, a session dedicated to UK collective actions generated much discussion over the possibilities on the horizon for such cases, particularly those at the Competition Appeal Tribunal (CAT). Additionally, a recent judgement in the High Court suggests that we may only be in the early days of collective actions…
Versaras Founder Aims to Save Clients Time and Money
As the litigation funding market continues to embrace an increasingly diverse and complex set of deals and partnerships, established industry leaders are looking at ways to provide services that can connect different parties to maximise the number of funding opportunities. In a recent interview, the founder of the legal finance consultancy Versaras, discusses his plans…
Opportunities and Benefits for Portfolio and Law Firm Financing
Whilst outside observers traditionally think of litigation finance in terms of single case funding, the maturation of the industry has seen funders increasingly focus on portfolio funding efforts that can mitigate risk whilst still providing strong returns on investment. It is also true that portfolio funding is by no means the end of the road…
High Stakes for UK Funders in Upcoming Supreme Court Decision
At last week’s litigation funding conference held by Brown Rudnick, the topic of collective actions in the UK generated an interesting discussion, with panelists noting that the upcoming Supreme Court decision could impact the entire third-party funding industry. As LFJ reported last month, the DAF appeal resulting from lawsuits brought at the Competition Appeal Tribunal…
Highlights from Brown Rudnick’s 2nd Annual European Litigation Funding Conference
Last week, Brown Rudnick hosted its second European Litigation Funding Conference, which brought together a crowd of international thought-leaders from across the industry, and provided attendees with an agenda filled with insightful discussions on a wide array of issues. The conference proved to be a beneficial experience for all, with Augusta Ventures co-founder Robert Hanna describing it as ‘the pre-eminent litigation funding conference in Europe, if not the world’.
4 Rivers Seeking Investors to Fund Fugees Rapper’s Defense Costs
Litigation funding is most often associated with commercial litigation, and primarily focused on plaintiff-side funding, as these are the cases with the surest route to a profitable return on investment. However, a new funding opportunity is looking to break that mould, as 4 Rivers Services is seeking investors to fund the defense costs of a…
Law Finance Group and GLS Capital Revealed to be Funding Patent Infringement Lawsuit
The issue of disclosure is once again front and center in a patent litigation suit. In the US District Court for the District of New Jersey, the identities of the funders of an infringement suit against a Merck & Co. company were revealed….
Manolete Announces Record New Case Investments Amid UK Insolvencies Surge
Given all of the economic and geopolitical uncertainties at play, industry leaders and analysts are expecting insolvencies to continue to rise, which will create opportunities for funders focused on the space. This has been reflected in an update from one of the UK’s leading funders of insolvency litigation, which has announced record new case investments,…
LCM Chief Executive Highlights Opportunities for Insolvency Litigation Following SVB’s Collapse
Insolvency and bankruptcy litigation remain one of the top targets for litigation funders, fuelled by the current economic uncertainty and the prolonged after-effects of the Covid-19 pandemic, which left many businesses in dire financial trouble. The recent implosion of Silicon Valley Bank (SVB) has only added to this fertile environment for insolvencies….
