Tag Archives: Burford Capital
Burford Reaches FTSE-100 Status With Extraordinary Growth
After a recent 10% rise in share price, Burford Capital, the world’s largest litigation funder, clocked in at a $4 billion valuation. That’s enough to rank the company at the bottom of the FTSE-100, and many investors – including veteran fund manager Neil Woodford – feel that Burford is bound to rise even higher….
Nine Straight Years of Profit Growth for Burford Capital
Burford Capital, the world’s largest litigation funder, released its 2018 annual report. The company posted nine consecutive years of profit growth, after reporting a 24% bottom-line increase….
Burford Backs AMP Claim as Entry Point to Aussie Market
Burford Capital, the world’s largest litigation funder, has confirmed rumors that it is indeed setting up shop in the land where litigation funding first began. The funder became one of five global funders to partner with a law firm (in Burford’s case, Quinn Emanuel) on the filing of a shareholder class action against wealth management…
As Litigation Funders IPO, Their Financials Become Public Information
For a while there were only four publicly-traded funders: Burford Capital, IMF Bentham, Litigation Capital Management and Juridica. With Juridica’s bankruptcy, that number dwindled to three. However LCMs move from the ASX to the LSE (albeit on the secondary exchange – the AIM), and Manolete Partners’ recent float, as well as Vannin Capital’s pending IPO…
U.S. Supreme Court to Hear Burford-Backed Argentina Claim
The United States Supreme Court will hear an appeal by the nation of Argentina against a pair of Spanish investors suing the country for nationalizing the energy company YPF. Burford Capital backed the Spanish investors’ claim, and famously sold a portion of its backing on the secondaries market for an over 700% profit….
Quinn Emanuel and Burford Capital File Class Action Against RCR Tomlinson
Australian class action specialist firm Quinn Emanuel Urquhart & Sullivan is teaming up with global funder Burford Capital to lodge an eight-figure shareholder class action against engineering and infrastructure company RCR Tomlinson….
Argentina Files Petition for Writ of Certiorari in Burford-Backed Claim
Argentina has filed a petition for a writ of certiorari, requesting that the United States Supreme Court take up their claim of national sovereignty. A lower court and court of appeals already found that national sovereignty does not apply to Argentina’s nationalization of oil and gas giant YPF, since the move was ‘commercial in nature.’…
Litigation Finance Growing Rapidly, New Burford Capital Research Shows
NEW YORK, Oct. 17, 2018 /PRNewswire/ — Burford Capital, a leading global finance and investment management firm focused on law, today announced the results of its 2018 Litigation Finance Survey, which shows strong growth in awareness, consideration and use of litigation finance, as well as significant opportunity for further growth as more lawyers–especially in-house–gain further understanding of its business benefits.
Burford Capital Launches The Equity Project To Help Close The Gender Gap In Law
NEW YORK, Oct. 10, 2018 /PRNewswire/ — Burford Capital, a leading global finance and investment management firm focused on law, is proud to announce the launch of The Equity Project, a groundbreaking initiative designed to help close the gender gap in law by providing an economic incentive for change through a $50 million pool of capital earmarked for financing commercial litigation and arbitration matters led by women.
Burford Issues New Shares to Raise £193 Million
Burford Capital has not listed new shares since 2010. Yet at the close of yesterday’s trading session, the LSE-listed company offered institutional investors such as Neil Woodford and Invesco’s Mark Barnett the opportunity to purchase shares for £18.50 (£1.46 below yesterday’s close). According to Burford, the sale was oversubscribed, and the company netted £193 Million as a result….
