Woodsford offers litigation boutique Lewis Baach $20M funding deal
Woodsford has signed a $20m global portfolio financing facility with litigation boutique Lewis Baach, with the express purpose of offering clients a more streamlined approach to financing high value litigation….
IMF Bentham to fund lawsuit against Australian real estate firm
IMF Bentham will fund a class action suit seeking to recoup as much as $100M, alleging that Belconnen Lakeview, a company in the Hindmarsh Group, charged and collected GST on the sale of 352 units in Altitude Apartments when no GST was payable….
Quinn Emanuel Urquhart & Sullivan to appeal UK court’s rejection of Buford-funded claim against MasterCard
In July, the United Kingdom’s Competition Appeal Tribunal threw a GBP 14 billion class action suit against MasterCard out of court. That suit was funded by Burford Capital to the tune of GBP 2 million. Now, the litigation team behind the suit, Quinn Emanuel Urquhart & Sullivan, have announced their plans to appeal the court’s decision….
IMF Bentham to fund first Canadian class action suit
IMF Bentham has announced that its Canadian subsidiary, Bentham IMF Capital Limited, has proposed funding a class action suit against St. Jude Medical Inc., and St. Jude Medical Canada, Inc., on a conditional basis….
LFJ Interview With Bentham CIO, Allison Chock (Part 2 of 2)
In Part 2 of our interview, we discuss Ms. Chock’s new role as CIO, and what she has in store for Bentham’s near-term U.S. expansion……
Bentham IMF adds Nick Tzoulas as legal counsel
Nickolas Tzoulas, a seventh-year lawyer from the litigation and dispute resolution group of Blake, Cassels & Graydon LLP, has joined Bentham IMF as legal counsel in their Toronto office….
RD Legal tries to dismiss claim by Consumer Financial Protection Bureau on grounds its leadership structure is unconstitutional
The Consumer Financial Protection Bureau (CFPB) has come under attack from RD Legal, which claims that its lawsuit against the third party funder should be thrown out because the CFPB’s leadership structure—combined with an independent funding stream that does not subject it to congressional appropriations—violates the Constitution….
LFJ Interview With Bentham CIO, Allison Chock (Part 1 of 2)
In Part 1 of our interview, we sat down with newly-minted Bentham CIO, Allison Chock, to discuss trends and misconceptions in the litigation finance industry, as well the Chamber of Commerce’s recent attempt to derail lit fin. …
How Third-Party Litigation Funding Can Help Attorneys and Clients Get Results
The time and expense involved in litigation has always made it difficult for litigants to persevere through the entire process. This is especially true for litigants with few resources. Long-standing common law doctrines such as champerty and maintenance have been applied to prohibit “intermeddling” by third parties who sought to help such litigants by offering financial assistance in return for a share of the recovery. The rationale for this prohibition was that financing by third parties encouraged unmeritorious litigation and could turn the legal process into an instrument for harassment. But recent developments have shown that third-party litigation financing can provide substantial benefits to litigants and their counsel. More importantly, it can promote justice by helping sustain meritorious cases that might otherwise never be pursued to their conclusion.
Vanderbilt University researcher claims that litigation funding increases medical malpractice payouts
In a new study labeled as the first of its kind, Vanderbilt University researcher Jean Xiao claims that medical malpractice payouts increase as a direct result of litigation finance….
