Category Archives: Premium
With Backing from Therium, UK Consumer Rights Advocate Cooks Up Class Action Against Google
A former director of UK consumer rights group Which is looking to form a class action against Google that would be valued “somewhere between £1bn and £3bn.” The action would be brought on behalf of 4.38 million Brits over the so-called Safari Workaround which placed Google Doubleclick cookies on the company’s i-products….
Phi Finney and Therium Get the Nod in GetSwift Class Action
An Australia Federal Court Judge ruled today that Phi Finney McDonald – funded by Therium Capital Management – will lead the sole class action against logistics company GetSwift. Justice Michael Lee stayed the two competing actions, which could have implications for a much bigger Aussie class action claim: the AMP case, where five separate law…
The Growing International Footprint of Litigation Funding
Litigation funding is rapidly becoming an increasingly common feature of global dispute resolution. Growing acceptance of the practice worldwide has led to key players in the funding market establishing global capacity and diversifying the range of matters and jurisdictions in which they invest….
Funders Undercut Each Other on Fees in AMP Class Actions
Ever since Maurice Blackburn threw its hat in the AMP class action ring, funders have been undercutting each other on price in order to win control of the claim that everyone expects will be unified from five class actions into one. Maurice Blackburn joined the AMP race boasting a 12.5% fee for its funder, Litigation…
Australian Financial Advisor IOOF May Face Funded Class Action
Investor Claim Partner (ICP) and Litigation Lending Services (LLS) have moved one step closer to funding a class action against IOOF, the Australian financial advisor alleged to have violated insider trading laws in 2015, after a Federal Court ordered IOOF to disclose documents pertaining to the allegations….
Green Legal Funding Files Suit Against NYC Personal Injury Attorney; Alleges Fraudulent Claims
Green Legal Funding has filed a suit in Manhattan Court against attorney Marina Trubitsky, alleging the personal injury attorney faked or exaggerated legal claims in order to obtain funding….
Chambers and Partners Ranks Litigation Funders, and Leaves More Questions Than Answers
UK-based Chambers and Partners, which ranks corporate lawyers and litigators around the world, has just announced their first ranking of litigation funders. The rankings, however, only include 6 commercial funders, are separated into three ‘bands,’ and offer no explanation of methodology or process….
NY Senate Committee Holds Hearing on Consumer Legal Funding
Last week, the New York State Senate Standing Committee on Consumer Protection held a hearing on the Consumer Legal Funding industry. Speakers delivered arguments for and against the industry’s high interest rates, which opponents claim should be capped under state lending laws, and proponents argue should not be subject to those laws because the transactions…
Private Equity and Hedge Funds Are Betting Big on Litigation Finance
Wall Street’s dogged pursuit of new avenues for ROI has led it down some exotic trails, the latest being the leafy green path of Litigation Finance. Private equity and hedge funds are pouring big money into the space, by some estimates investing as much as $30 billion, up from $1 billion in 2011. That figure includes…
Founder of Just Kapital Tries to Oust Former Partner
Philip Kapp, the founder and former chairman of litigation funder Just Kapital, is seeking to oust the current chairman and co-founder Tim Storey, along with CEO Diane Jones non-executive director Anthony Murphy, and replace them with three “unspecified” people….
