Category Archives: Premium
LF Dealmakers Forum in NYC Brings Together Funders, Lawyers & Investors (Part 2 of 2)
Last Monday and Tuesday, litigation funders, lawyers and investors convened at the Apella event space on East 29th Street in Manhattan for the inaugural LF Dealmakers Forum. This article will highlight the panel discussions at the conference (for a recap of the keynote speech delivered by Ashby Jones, Chief of the Legal Bureau at the Wall…
UK Tribunal Sanctions Solicitors in Axiom Fund Scandal
The Solicitors Disciplinary Tribunal has imposed sanctions of £250,000, with costs payable expected to match or even exceed that figure, onto four solicitors involved in the Axiom Fund scandal. The scandal involved multiple law firms who allegedly pilfered money from the Cayman Islands-based law firm financier….
LPF Funds $75M Claim Against Former Prime Minister of New Zealand’s Failed Construction Company
Dame Jenny Shipley was Prime Minister of New Zealand from 1997 to 1999. Subsequent to that, she served as a director at Mainzeal Construction from 2004 to December 2012, which was one of the largest construction firms in the country, employing hundreds of staff and bringing in up to $400M per year. However, Mainzeal would eventually collapse…
UK Law Firm Rosenblatt Forms Litigation Funding Subsidiary
Rosenblatt confirmed the formation of its litigation funding subsidiary – to be called Rosenblatt Litigation Funding Ltd. The firm previously announced plans to form a litigation funding arm when the firm IPO’d earlier this year. Rosenblatt is the fourth firm to list on the London Stock Exchange….
LF Dealmakers Forum in NYC Brings Together Funders, Lawyers & Investors (Part 1 of 2)
This past Monday and Tuesday, litigation funders, lawyers and investors convened at the Apella event space on East 29th Street in Manhattan for the inaugural LF Dealmakers Forum. The event was hosted by Wendy Chou, whose annual IP Dealmakers Forum attracts a who’s who in the Intellectual Property space. Based on the event’s turnout, it’s likely…
Funded Claim Against New Zealand Earthquake Commission Heads to High Court
After three years of legal wrangling, a $77,000 damages claim against the Earthquake Commission (EQC) in New Zealand will head to the High Court….
ASIC Tells Australian Law Reform Commission It Doesn’t Want to Regulate Funders
The Australian Securities and Investment Commission (ASIC) has submitted a response to the Australian Law Reform Commission’s (ALRCs) inquiry into litigation funding. ASIC told the ALRC that it should not regulate funders, as the entity would not prove to be “an effective mechanism to address the regulatory risks perceived to be associated with litigation funders.”…
RD Legal Handed Surprise Victory; Federal Suit Thrown Out of Court
Manhattan Federal District Court Judge Loretta Preska tossed out a suit brought by the New York Attorney General (NYAG) against Consumer Legal Funder RD Legal. The NYAGs suit alleged that RD Legal engaged in predatory and deceptive lending practices when it funded compensation claims brought by firefighters and other first responders to the 9/11 World Trade…
Keller Lenkner Files “Predatory Pricing” Claim Against Uber
Chicago-based law firm Keller Lenkner, founded by Ashley Keller, Adam Gerchen and Travis Lenkner, the trio behind litigation funder Gerchen Keller that sold to Burford Capital in the largest litigation funding acquisition to date, is suing Uber in California for “below-cost and anticompetitive pricing,” which the law firm claims is costing livery drivers in excess of…
Volkswagen Claim Affords Hedge Fund Elliott Management a Chance at Redemption
A decade ago, Paul Singer’s Elliott Management bet against Volkswagen shares, which swung upward and burned the multi-billion dollar investment firm. Elliott has long accused VW of market manipulation, but found little in the way of hard evidence to bring a case forward. Now, thanks to the massive VW emissions cheating scandal about to get…
