Post-Pandemic Predictions Include Extended Case Durations
Law firms that rely on contingency fee structures will soon feel the impact of the pandemic, if they haven’t already. Many contingency fee law firms experienced an immediate slowdown in cases once stay-at-home orders and mass business closures went into effect. While many firms used settlement income from previous years, those funds are likely nearly…
Flight 752 Victims’ Families Awarded $107M by Ontario Court
Nearly two years after 176 people died when Ukraine International Airlines Flight 752 was shot down, families of six victims have received a $107 million award in civil court. The decision included $100 million in punitive damages that will be split among the families, plus $1 million for specific losses, and another $6 million for…
Advocate Capital Honored as a Top Litigation Funder
Florida’s Daily Business Review’s Best of 2021 has recognized Advocate Capital as a top litigation funding firm. …
Mark Sands to Head Apex’s Insolvency Practice
With over 35 years as a respected insolvency practitioner, Mark Sands will now head Apex Litigation’s insolvency business. Prior to Apex, Mr. Sands, a former Insolvency Practitioners Association President, worked at Tenon and KPMG. …
Apple Rejected U.K. Litigation Insurance Details
Cupertino, California based Apple Inc. is facing a $2.3B litigation battle in the United Kingdom, as nearly 20 million iPhone and iPad users claim Apple abused application payment ethics rules. Dr. Rachel Kent of King’s College London is the proposed class representative custodian. …
U.S. Attorney Reviews Advanced Legal Fee Agreement
The U.S. Attorney’s Office in New York’s Eastern District is set to review potential conflicts of interests in an advance fee agreement related to alleged agents of a foreign government. …
Turkey’s Litigation Finance Future
Turkey’s economy has been targeted by aggressive international profiteers, according to officials in Ankara. The Capital Market’s Board fined a group of United States banks who signaled clear hawkish intentions with surprise illegal short selling of Turkey’s stock market in 2021. The banks included marquee firms such as Goldman Sachs International, Credit Suisse Securities Europe…
Flaws in Credit Agreements and Their Impact on ATE Insurance
As the third party funding ecosystem matures, businesses’ organizational systems and processes are sure to evolve. A credit agreement has traditionally served as a loan vehicle to fund litigation. The loan earns interests while an “after the event” (ATE) policy is secured to insure the loan. If litigation is successful, credit agreement facilities traditionally can…
The Future of Banking and Litigation Finance
An obvious question is how will innovation in the banking and litigation finance sectors evolve together? Litigation funding is serving as a de-risking mechanism that doubles as a conduit to justice. …
How Our Top-5 Articles of 2021 Foretell What’s Coming in 2022
Litigation Finance has enjoyed another year of growth and innovation, as we enter a shocking third year of the COVID pandemic. New funds have arisen, affording more potential claimants an opportunity to experience their day in court. New entrants are emerging in the funding space, innovative investment opportunities are popping up in the form of ILOs on the blockchain, and prominent examples of the benefits of legal funding are arising with increasing frequency.
