Category Archives: Premium
Non-Practicing Entities May be Responsible for Uptick in Court Filings
As savvy investors know, Litigation Finance is an investment that is uncorrelated with the rest of the market. At a time when COVID has led to massive business closures, bankruptcies, and financial strife all around—litigation funding remains a bustling industry and a viable investment.
Advice from a Litigator Turned Litigation Finance Executive
The most successful Litigation Finance firms are those that act as partners, not merely funders. Funders can join a team at any point in the case and still make a positive impact. John Garda has recently made the move from full-time litigator to assessing funding opportunities for Longford Capital.
Yorkshire Firm Clarion Highly Ranked by Chambers & Partners Thanks to Litigation Funding Division
The 25-person team at Clarion has recently been ranked by Chambers & Partners as a Band 1 firm. This accolade relates to the cost and litigation funding team, as well as Partner and former solicitor Andrew McAulay—who leads the team. McAulay was recently appointed to be one of five members of the Costs Lawyer Standards Board, helping determine standards for the industry.
What Happens When a Winning Client Refuses to Meet Obligations to Funders?
The business model of most litigation funding agreements is straightforward. A funder provides the financial means for a client to pursue a case. If the client wins, they pay an agreed-upon percentage to the funder, usually in addition to the amount of funds provided. If the plaintiff doesn’t win, the funder is out the money. All of this is spelled out in contracts signed by involved parties. So how then can a winning plaintiff pretend they owe nothing to funders?
Is the Trucking Insurance Industry Becoming Toxic?
Trucking companies, insurers, and employees have been having a rough couple of years. Tax law changes have cheated drivers out of their per diem, making their taxes skyrocket. Insurance rates climb ever higher as large payouts cripple insurers. Some have placed the blame on Litigation Finance, claiming that enabling plaintiffs has had a negative impact on insurers. But is that fair?
Litigation Funding Comes to the Rescue of Prairie Mining in Case Against Poland
Is the country of Poland in violation of the Energy Charter Treaty or the Australia-Poland Bilateral Investment Treaty? That’s the question being asked in a case brought by Prairie Mining. A notice of dispute was served in February of last year along with a formal request to seek a resolution….
PFAS Pollution Case Settles, with Some Claimants Upset
An Australian case involving contamination from firefighting foam has settled with what the judge called a “fair and reasonable” amount. The class action over PFAS contamination in three Australian towns has been underway for years, involved multiple law firms and over 500 claimants.
Scottish Courts Feeling the Dearth of Litigation Funders
Scotland, like much of the world, is bracing for a spike in litigation related to the Coronavirus. Business closures, insurance disputes, non-payment of rent, and other common types of litigation are expected to rise at least three-fold. Once courts are up and running again, the backlog of cases and filings is expected to take 1-3 years to completely clear.
Judge Rules Whistleblower Can Pursue Fraud Case Despite Litigation Funding
Can an individual represent the United States in court if they’ve signed a funding agreement with a third party? An Eleventh Circuit Federal Appeals panel says yes.
Craig Wright’s Bitcoin Case Cleared for Trial
The case involving Craig Wright was unconventional from the start. Wright is currently in a legal battle with his late partner’s brother over what could be more than $10 billion in Bitcoin and related IP. The case, which was originally filed in February of 2018, is now cleared to go to trial in August.
