The dispute between the Malaysian government and the Sulu heirs has been one of the most high profile international arbitration cases in recent times, raising issues around state sovereignty and…
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therium
Therium Announces Settlement for 700 UK Businesses in Claims Brought Against Mastercard and Visa
by John Freund
written by John Freund
Malaysian Government Acknowledges Need for Legitimate Litigation Funding Whilst Calling for Accountability
by John Freund
written by John Freund
Therium Adds Four Investment Managers To Its Transatlantic Investment Team In London And New York
by John Freund
written by John Freund
Therium Capital Management, the world’s leading global provider of legal finance, today announced that it has added four investment managers to its transatlantic investment team, Chris Wilkins and Charlie Temperley in London and Corey Banks and Joshua Card in New York.
Therium Funds Multi-Billion Pound Action Alleging Truck Cartel Price Collusion
by John Freund
written by John Freund
Six producers of big rigs have allegedly conspired in a 14-year scheme to defraud government regulators over emissions mandates. The Competition Appeal Tribunal has approved a £2B claim marking a historic first for United Kingdom collective actions. The Road Haulage Association (RHA) is representing an estimated 18,000 claimants as the beneficiaries of the hopeful award.
Third-party legal funding is on the rise, both in terms of major players and client requests. Money is pouring in from investors, and some hedge funds are even funding litigation without input from established litigation funders. But is mainstreaming litigation funding a good thing for industry professionals who already appreciated it before it was cool?
Those who remain skeptical of the benefits of Litigation Finance need look no further than the recent UK Post Office case. Last week, 30 criminal convictions were vacated in an action that would not have proceeded were it not for third-party legal funding. And make no mistake—that would have been a grave injustice.
Earlier convictions for theft, fraud, and false accounting have finally been quashed after a legal skirmish lasting more than a decade. Thanks to support from third-party funder, Therium, thirty-nine sub-postmasters cleared their names after being prosecuted by the state-owned Post Office. The employees had been charged over shortfalls in various branch accounts. It was eventually discovered that Horizon, the IT system used by the Post Office, was to blame for the perceived financial shortfalls.
Neil Purslow didn’t intend to become an investment manager when he entered the legal world. Before long, however, he began a love affair with commercial litigation. This led to Purslow developing a broad knowledge base that included mastering the intricacies of the corporate and commercial fields.
Therium’s Financial Commitments To Access To Justice Causes Surpass £1.7m
by John Freund
written by John Freund
Jersey, 15th December 2020: Therium Access, the not-for-profit arm of global litigation funder Therium Capital Management, has announced the recipients of its latest grant round. The Autumn 2020 grants have been awarded to six organisations and brings the total number of organisations receiving grants to 32 with over £1.7m committed since its inception in 2019.
In an insolvency situation, a company and its legal department will have to structure an affirmative recovery program. After that comes building a framework to identify claims they’ll pursue. In this process, understanding potential claims and being aware that an affirmative recovery program is underway are both critical. That’s why keeping everyone in the loop is essential.
Therium Access Named Finalist for ‘Best Pro Bono Initiative’ by The Lawyer Magazine
by John Freund
written by John Freund
Therium Makes Case for Monetization of Corporate Litigation Assets in New Publication
by John Freund
written by John Freund
Therium, a leading global provider of litigation, arbitration and specialty legal finance, is pleased to announce the launch of a new publication aimed at educating corporations and their legal departments on the importance of monetizing their litigation assets through structured affirmative recovery programs. A Good Offense: The Therium Guide to Creating an Affirmative Recovery Program, is available as a progressive eBook, beginning today with the release of chapter 1, which introduces the concept of affirmative recovery and delves into its history. New chapters will be released during the last week of each month moving forward.
Therium Access gives financial and strategic support to UK COVID-19 justice fund
by John Freund
written by John Freund
Jersey, Channel Islands, 2nd June 2020: Therium Access, the not-for-profit arm of global litigation funder Therium, has committed £100,000 and provided its own resources to help launch and deliver the Community Justice Fund alongside grant giving organisations focused on the provision of access to justice.
Community Justice Fund Established by Therium Access & Partners
by John Freund
written by John Freund
Therium is a household name in the world of Litigation Finance, and with good reason. As a prominent funder, they’ve expanded access to justice for countless ordinary citizens. Now, Therium has teamed up with five foundations to establish the Community Justice Fund. Its purpose is to provide grants in support of social welfare during and after the Coronavirus pandemic.
‘Pandemic Management’ is Leading to Surge in Interest in Litigation Funding
by John Freund
written by John Freund
The pandemic is far from over, but the steps that legal firms are taking to mitigate it have only just begun. Third-party funders are already seeing shifts in the way firms are approaching them. It’s not surprising that law firms will be creative and proactive in heading off financial woes before they occur—but it is startling how quickly things are changing.
The following piece was contributed by Eric Blinderman, Chief Executive Officer (U.S.) at Therium Capital Management. This piece was originally published on Mr. Blinderman’s LinkedIn page. To learn more about Therium and their U.S. operations, visit them at their website.
Approximately two weeks ago, the world as we know it changed.
Every assumption that governed our daily lives was uprooted. Grabbing a bite to eat with friends stopped. For most, commuting to work ceased. Touching an elevator button became tinged with the fear of contracting an unknown disease. Riding a subway and hearing the person next to you cough caused panic. Stock markets collapsed and businesses across the country simply shut their doors, laying off millions. Courts shut down.
UK Sub-Postmasters Claim Onerous Terms in Litigation Funding Agreement
by John Freund
written by John Freund
A UK case involving the post office, buggy accounting software, and widespread accusations of theft was big news across the pond. After numerous sub-postmasters were accused of theft, many endured firing, public shaming, loss of property, and even jail time. The real culprit was bad accounting software made by a company called Horizon. Now, the plaintiffs are alleging that the bulk of their payout will go to the firm that financed the legal case—and not to the people who were actually hurt.
Therium Access announces second round of grant awards to improve access to justice in the UK
by John Freund
written by John Freund
Therium Group Holdings Limited, one of the world’s leading providers of litigation, arbitration and specialty legal finance, today announced the second recipients of grant awards by Therium Access, the firm’s not-for-profit arm dedicated to facilitating access to justice.
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