Tag Archives: Burford Capital
Berenberg Goes Bearish on Burford Capital
German bank Berenberg has downgraded its price target for Burford Capital, and cited a trio of factors that informed its decision-making.
Burford Targets Gender Inequity in Law with Equity Project
Burford Capital’s Equity Project turned one year old last month. The initiative – launched by senior managing director Aviva Will – is aimed at incentivizing female lawyers to take greater risks. The mechanism for accomplishing this is a $50MM fund that can only be used for claims where a female attorney is first-chair, plaintiffs’ lead counsel or on a plaintiffs’ steering committee, or if the claimant is represented by a female-owned law firm.
U.S. Hedge Fund Takes £100MM Stake in Burford Capital
A U.S. hedge fund has taken a 5.2% stake in Burford Capital – investing £100MM into the world’s largest litigation funder – which places the fund squarely at odds with Muddy Waters, the investment firm that publicly shorted (and continues to short) Burford.
New research: Lawyers’ use of legal finance is growing—and becoming more sophisticated
October 23, 2019 – Burford Capital, the leading global finance and investment management firm focused on law, today announced the results of its 2019 Legal Finance Report: A Survey of In-House and Law Firm Lawyers. Based on online survey data from 509 in-house and law firm lawyers in the US, UK, Canada and Australia, as well as in-depth phone interviews conducted with 32 leading lawyers across seven countries, the report reveals that legal finance is continuing to grow in use and sophistication, with lawyers predicting still more use in the event of a recession.
Burford Capital Brings Columbia Law School Study to Court in Bid to Uncover Market Manipulation
Burford Capital has commissioned a study by Joshua Mitts of Columbia Law School which found that there is indeed evidence to back the funder’s claim that it was the victim of market manipulation in the wake of the Muddy Waters attack which shed 50% of the stock’s valuation in a single day. Burford is presenting the study in court to compel the London Stock Exchange to release the names of the short-seller sho it says manipulated the trading.
Burford Capital briefing on fair value and return computations
In response to investor inquiries, Burford Capital Limited (“Burford Capital” or “Burford” or “the Company”), the leading global finance and investment management firm focused on law, has today uploaded to the investor relations section of its website a briefing of the Company’s investment fair value and return computations.
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.
