Key Takeaways from LFJ’s Special Digital Event: “Investor Insights into Consumer Legal Funding”
This past Tuesday, Litigation Finance Journal hosted a special digital event, “Investor Insights into Consumer Legal Funding.” The panel discussion featured a trio of institutional investors, including Ben Kaplan (BK), co-founder of C9 Partners, Don Plotsky (DP), co-founder of Uinta Investments, and Michael Morris (MM), Managing Director of Northleaf Capital. Dan Avnir (DA), Managing Director of Bryant Park Capital moderated the discussion.
Law Finance Raises $20 Million in Capital
Law Finance is currently raising capital for growth and debt restructuring. This includes a $3 million debt facility and a $17.2 million placement. Placement shares were sold at 1.3 cents each—a discount of almost 40%….
Funders Seize on Bankruptcies for Big Returns
Business bankruptcy filings were up 29% in 2020 from the previous year. These numbers dipped slightly in 2021 thanks to government stimulus measures like PPP. However, as financial help from the government winds down—financial experts anticipate bankruptcy filings to spike again.
What is Driving Social Inflation?
What exactly is social inflation? In the insurance context, it refers to progressively larger losses to insurers in the form of massive awards from juries. VerdictSearch data shows a 300%+ increase in verdicts in excess of $20 million compared to ten years ago. In the US alone, 79 class action settlements totaled an astonishing $2.3 billion last year. Social inflation is definitely occurring. But what’s causing it?
Legal Funding Specialist Joins SSB Group
SSB Group, the parent company to SSB Law, is launching a new funding division. Its aim is to manage legal funding for clients and grow outreach between funders, insurers, and workers.
Counsel Financial Continues Business of Law Sponsorship at Mass Torts Made Perfect
Counsel Financial will continue its long-standing commitment as the headline sponsor “Business of Law” program during the Mass Torts Made Perfect™ Virtual Vegas seminar (MTMP) this week. The three-day virtual conference will offer continuing education, informative sessions on the latest litigations from leading attorneys and networking opportunities.
Third-Party Legal Funding in the Construction Industry
Litigation funding has dramatically increased its reach in the last few years. Last year, one global construction company entered into a portfolio funding arrangement that covered multiple jurisdictions—including some that were not privy to litigation funding before.
Worldwide Asset Freeze May Set Precedent
A recent ruling made by the Eleventh Judicial Circuit of Florida is getting significant attention. The decision to enforce an ex-party order freezing assets represents the first worldwide asset-freeze in a US court.
Donation by Legal Funders Raises Questions
The New York State Trial Lawyers Association received a donation that has people talking. US Claims, a litigation funder based in Florida, gave $100,000 in a move some speculate is meant to influence government officials seeking to increase regulation.
Miner Dispute Against Tanzanian Government to be Heard at Tribunal
Next week, the International Centre for Settlement of Investment Disputes will hear an international claim filed against the government of Tanzania.
