Category Archives: Premium
Maurice Blackburn Wins AMP Claim; Only Law Firm Without Litigation Funder Attached
A judge has ruled which law firm will get to pursue what could be the largest class action in Australian history. Maurice Blackburn has won the right to try the shareholder claim against financial giant AMP. The law firm was the only applicant not backed by a litigation funder….
LawCoin Brings Litigation Funding to the Blockchain
There have been numerous attempts so far, and here comes another one: LawCoin is poised to introduce litigation finance to the blockchain by allowing accredited retail investors to finance and even trade shares in lawsuits by tokenizing the offerings….
Nevada May Be the Next Battleground in ‘The War on Funding’
The Consumer Legal Funding industry is facing another test in the state of Nevada, where bill SB 432 has already passed the Senate and now awaits a floor vote in the House. The bill seeks to cap funding fees at 40% annually, and include additional regulations such as the disclosure of all fees and disallowance…
$3MM Law Funder Claim Remanded for New Trial by Appellate Court
The $3MM victory litigation finance company The Law Funder secured against Texas attorney and politician Sergio Munoz Jr. has been overturned by an appellate court, and the case is being remanded back to district court for a new trial….
Corrs Chambers Westgarth Makes 10 Predictions for Class Actions in Australia
Chris Pagent, Head of Class Actions at Aussie law firm Corrs Chambers Westgarth has laid out 10 predictions for the state of the class action market in Australia through the rest of 2019….
No Class Action Against Australian Mining Company, After Burford Funding Deal Falls Through
Maurice Blackburn was set to bring a class action against Lynas Corp. for the Aussie mining company’s failure to alert investors of significant delays to its Malaysian processing plant, yet the action never got off the ground after a deal with litigation funder Burford Capital never materialized….
As Industry Grows, Litigation Funders Are Becoming Claimants
A decade ago, most U.S. lawyers weren’t even aware of litigation funding’s existence. Today, you’d be hard-pressed to find a attorney who doesn’t at least know someone who’s engaged with third party funding. That said, as the industry matures and takes shape, funders are in need of their own attorneys more frequently, as they find…
The Rise of Third Party Funding in India
Third party funding has been legal in India since at least 1954, when the Supreme Court ruled that there is nothing morally wrong with outside funding of legal cases, as long as an attorney is not the one doing the funding. In 1996, changes were adopted to the Arbitration and Conciliation Act which further attracted the…
UK Appeals Court Throws Out Post Office’s Recusal Bid in Therium-Funded Claim
Therium Capital Management is funding a claim by a group of sub-postmasters against the UK Post Office. The sub-postmasters are alleging they suffered unfair treatment for losses which they were blamed for, but were actually the result of the Post Office’s accounting system. The Post Office had filed a motion to recuse the judge, alleging…
New York Moves One Step Closer to Regulating Funders
The State Senate Consumer Protection Committee has approved New York’s Consumer Litigation Funding Act. The act seeks to regulate litigation funders in the state of New York by requiring funders to register with the state, and establish contract requirements in order to protect consumers….
