Tag Archives: Burford Capital
Burford Could Face ‘Revenge Porn’ Lawsuit for Sex Tape Fiasco
Burford Capital executive Daniel Hall – who manages the firm’s in-house asset tracing business – has been accused of swapping sensitive corporate materials for a sex tape of a billionaire he is investigating. Now, the woman in the alleged tape has hired law firm Covington & Burling to launch a potential criminal prosecution under the UKs ‘revenge porn’ law.
Institutional Investor’s Exit Illustrates the Long Shadow That Muddy Waters Casts Over the Funding Industry
The case against Burford Capital has been made, and Burford’s response has subsequently been laid out. We’ve from heard from both sides on the issue, and it seems the market has spoken (said market can be fickle, however, so we’ll see what it’s saying six months or a year from now). That said, Muddy Waters’ allegations of Burford’s accounting impropriety cast a very long shadow over the industry, as illustrated by one prominent institutional investor’s decision to sell its holdings in Burford Capital.
Muddy Waters Strikes Again
The short-seller which sparked the fire sale of Burford Capital’s stock has released another report – its third in less than a month – that renews allegations of financial and accounting impropriety at the world’s largest litigation funder.
Russian Shipping Company NovoShip Sues Burford Capital for ‘Sex-Tape Swap’
The accusations against Burford Capital keep piling up. In the wake of the Muddy Waters claim, Russian shipping firm NovoSip is alleging that a Burford Capital executive swapped sensitive materials for a sex tape of an American billionaire that the company was investigating as part of its legal enforcement and asset tracing business.
EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against Burford Capital Limited
NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Burford Capital Limited (OTC: BRFRF, BRFRY) from March 18, 2015 through August 7, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Burford investors under the federal securities laws.
Questions Arise Over Burford Executives’ Pay
New questions have arisen over payouts to top Burford executives, including CEO Christopher Bogart and co-foudner Jonathan Molot. Despite founding the company, the pair were not actually employees of Burford Capital until 2012. Prior to that, they formed an advisory firm – Burford Group Limited – and charged Burford Capital fees for their advisory work. In the wake of the Muddy Waters allegations, the pair are facing questions about the complex financial structure, as well as their current salaries which remain undisclosed, given the fact that neither is on the company’s board.
Burford Accuses Muddy Waters of Market Manipulation
The brouhaha between Burford Capital and hedge fund Muddy Waters just got taken up a notch. After watching its stock price plummet nearly 50% in a single day, the world’s largest litigation funder is accusing the short-selling hedge fund of market manipulation, claiming to have unearthed evidence of ‘material illegal activity.’
Hedge Fund Accuses Burford Capital of ‘Egregiously Misrepresenting’ its Returns; Stock Drops 50%
US-based hedge fund Muddy Waters has announced a short position in Burford Capital, the world’s largest litigation funder and one of the few that is publicly-traded (Burford is listed on London’s AIM exchange). The notorious short-seller has accused Burford of ‘meaningless metrics’ which have ‘egregiously misrepresented’ its return profile, and as a result, the stock has plummeted nearly 50%.
Burford Reports Record Profit and New Commitments, Yet Shares Take a Tumble
Burford Capital announced its half-year numbers today, and both profits and new commitments reached record levels. Yet the stock sank 9% on the news.
Burford Releases Survey of CFOs and Financial Professionals
In its 2019 Managing Legal Risk Report: A Survey of CFOs and Finance Professionals, Burford Capital surveyed over 500 Chief Financial Officers and senior finance professionals to gather their thoughts on legal spend, litigation finance, and how the industry may be impacted by a recession.
