RD Legal Handed Surprise Victory; Federal Suit Thrown Out of Court
Manhattan Federal District Court Judge Loretta Preska tossed out a suit brought by the New York Attorney General (NYAG) against Consumer Legal Funder RD Legal. The NYAGs suit alleged that RD Legal engaged in predatory and deceptive lending practices when it funded compensation claims brought by firefighters and other first responders to the 9/11 World Trade…
Keller Lenkner Files “Predatory Pricing” Claim Against Uber
Chicago-based law firm Keller Lenkner, founded by Ashley Keller, Adam Gerchen and Travis Lenkner, the trio behind litigation funder Gerchen Keller that sold to Burford Capital in the largest litigation funding acquisition to date, is suing Uber in California for “below-cost and anticompetitive pricing,” which the law firm claims is costing livery drivers in excess of…
RPX Corporation Completes Transaction with Realtime Data
SAN FRANCISCO, Sept. 11, 2018 /PRNewswire/ — RPX Corporation, the leading provider of patent risk and discovery management solutions, today announced that it has completed a patent licensing agreement with Realtime Data LLC. Over the past 10 years, Realtime has sued more than 100 companies for allegedly infringing patents it owns relating to data compression or accelerated loading at system boot in operating systems.
Singapore Makes Milestone Decision on IMF Bentham Litigation Funding Agreement
SINGAPORE (11 September 2018) –
In the first ruling of its kind, a Singapore court has made a declaration which will allow a commercial third-party funding arrangement to proceed. The ruling, made by Singapore High Court’s Justice Chua Lee Ming on 11 September 2018, will allow the funding of investigations and potential claims to proceed in the context of a major corporate collapse costing Singaporean retail investors hundreds of millions of dollars.
Volkswagen Claim Affords Hedge Fund Elliott Management a Chance at Redemption
A decade ago, Paul Singer’s Elliott Management bet against Volkswagen shares, which swung upward and burned the multi-billion dollar investment firm. Elliott has long accused VW of market manipulation, but found little in the way of hard evidence to bring a case forward. Now, thanks to the massive VW emissions cheating scandal about to get…
Maurice Blackburn and International Litigation Funding Partners Bring $100M Claim Against Woolworths
Australian supermarket chain Woolworths has been hit with a $100M class action claim by prominent class action firm Maurice Blackburn. The claim was originally to be funded by IMF Bentham, however after a year of wrangling the funder dropped out, and now International Litigation Funding Partners will fund the shareholder claim….
Vannin Capital Announces Float on London Exchange
London-based Vannin Capital, which has offices around the world including a recent addition in New York City, has announced its plans to float on the LSE. Experts are predicting a £1bn valuation for the global litigation funder, which is aiming to capitalize on the success of fellow UK-based funder Burford Capital, whose share price has skyrocketed…
Unlockd Seeking Funding in Claim Against Google
Unlockd, the technology company that offered consumers discounts on their phone bills by allowing them to watch ads when they unlock their phones, is suing Google, which it alleges crushed its business and forced it into receivership after Google removed Unlockd’s app from its platform. The once-promising startup is now seeking litigation funding to pursue what…
David Morley Named Vannin Capital Chairman
Vannin Capital – a global expert in the provision of funding to support individuals, corporate clients and law firms in the successful resolution of high-value litigation and arbitration claims – has announced the appointment of former Allen & Overy Senior Partner David Morley as its Chairman, effective immediately.
Woodsford Litigation Funding Announces Another Major Strategic US Hire
LONDON & PHILADELPHIA – Monday 10th September 2018, Woodsford Litigation Funding, the global provider of litigation financing solutions for businesses, individuals and law firms, has announced further expansion of its US operations with the appointment of Robin M Davis.
