Omni Bridgeway Opens Dubai Office
Litigation funder Omni Bridgeway is partnering with the International Finance Corporation (IFC) to open a Dubai office as part of a joint venture….
Hong Kong Court Slams Door Shut on Third Party Funding in Litigation
Third party funding in international arbitration matters has been a welcome addition to Hong Kong’s legal landscape. However, don’t expect the usage of third party funding to bleed over into litigation any time soon (as it has in nearby Singapore). In a recent ruling, a Hong Kong court refused to grant approval to a third…
NYAG Re-Files Lawsuit Against RD Legal
New York Attorney General (NYAG) Barbara Underwood has refiled her organization’s lawsuit against NJ-based Consumer Legal Funder RD Legal. The suit, which alleges RD used ‘predatory lending’ tactics against the families of 9/11 victims and ex-NFL players suffering from traumatic brain injury, was dismissed by Federal Judge Loretta Preska with prejudice, after the NYAGs co-plaintiff,…
Pierce Bainbridge Continues Record Growth; Adds Tillman J. Breckenridge, Jeff Newton, and Kristin Darr
NEW YORK, Oct. 31, 2018 /PRNewswire/ — Pierce Bainbridge Beck Price & Hecht LLP (“Pierce Bainbridge“) continued its record growth this week, adding appellate partner Tillman J. Breckenridge to the firm’s Washington, D.C. Office as well as litigation partner Jeff Newton and Kristin Darr as Chief Marketing Officer and Of Counsel to its New York office.
Bentham Canada Receives Litigation Funding Approval in Weston Foods Class Action
Bentham Canada is pursuing a class action claim against Loblaw Companies, Weston Foods, Weston Bakeries, Grupo Bimbo and others accused of defrauding Canadian consumers on the price of packaged bread. The funder recently received approval by an Ontario Superior Court Judge for its litigation funding agreement in the claim….
Vannin Capital Bolsters Team With Associate Director Appointments in London and Paris
Vannin Capital, the global expert in legal finance, has today announced the appointment of Associate Directors Anastasia Davis Bondarenko in Paris and James Williamson in London.
Anastasia Davis Bondarenko has joined Vannin’s Paris office as part of the global International Arbitration team. She joins from Three Crowns LLP, where she worked as an Associate from 2014 to 2018. During her time at Three Crowns, and before that at Freshfields Bruckhaus Deringer and Dentons, she specialised in international arbitration as well as public and private international law. Anastasia has extensive experience advising and representing private and sovereign clients in complex and high-value commercial, investment and state-to-state disputes across numerous jurisdictions and under different international arbitration rules.
RGL Partners with All Square in Augusta-Funded Claim Against NAB & Clydesdale
RGL Management has teamed up with All Square Finance Limited in a class action against NAB and Clydesdale bank that is being funded by Augusta Ventures. The action alleges that the now ASX and LSE-listed Clydesdale & Yorkshire Bank, formerly owned by NAB, defrauded over 8,000 businesses and individuals between 2001 and 2012 by offering fixed rate…
IMF Bentham Pursues Class Action in Flammable Cladding Claim
Litigation funder IMF Bentham is partnering with Australian law firm William Roberts Lawyers to file a class action claim representing thousands of residential, commercial and mixed use real estate owners whose property was destroyed in the 2014 Lacrosse Tower fire in Melbourne….
Australian Law Reform Commission President Cites Burford Example in Attack on Burgeoning Secondaries Market for Litigation Finance
At a recent conference put on the by the Association of Litigation Funders Australia (the Aussie version of the UK-based organization), Australian Law Reform Commission (ALRC) president Sarah Derrington derided Burford Capital’s secondary sale of 25% of its stake in the claim against the Argentinian government’s nationalization of an oil company. Derrington cited Burford’s sale as an example…
The Alliance for Responsible Consumer Legal Funding (ARC) Statement Regarding the Georgia Supreme Court Decision Ruth v. Cherokee Funding
WASHINGTON (PRWEB) OCTOBER 26, 2018
“We are very pleased that the Supreme Court in Georgia took its time in rendering a thoughtful decision in this matter. The decision is consistent with what State Legislatures have said across the country, that this product is not a loan and should not be treated as such,” stated Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding. “The Court recognized the contingent nature of consumer legal funding agreements carry no obligation of repayment and thus, cannot constitute a loan. We hope this decision will finally put to rest the question of whether or not consumer legal funding is a loan or not a loan.”
