NEW YORK, Aug. 12, 2020 /PRNewswire/ -- Tribeca Capital Group, LLC, a pioneer in pre-settlement litigation funding, announces that it is now advancing funds to claimants who have lost their livelihoods through wrongful termination, the employer's mishandling of wage and benefit claims, and other employment issues arising from the pandemic crisis. "It wasn't long after the coronavirus reached our shores that we started hearing about mass layoffs and furloughs. Unemployment levels suddenly jumped to double digits, and over the course of weeks, Americans had filed more than 6 million unemployment claims. With so many losing their jobs, it was inevitable that we would discover some layoffs and furloughs were being conducted unlawfully," said Tribeca's founder, Rory Donadio. Some companies affected by so-called shelter-in-place or lockdown orders laid off substantial numbers in their workforces without observing mandatory federal and state reduction in force rules. Other companies have fired employees for wanting to wear personal protective equipment or for calling out unsafe working conditions. Some have fired workers or denied them federally mandated sick leave for exhibiting symptoms of COVID-19 or for caring for a family member stricken with the virus. Still others have refused to pay back wages or compensate laid off employees for unused benefits. "We've seen employers commit egregious acts like reducing an employee's wages by the amount of their stimulus checks or by denying them the severance guaranteed by their employment contracts," says Donadio. "There's no doubt that this pandemic is unprecedented and has stretched employers to the breaking point. Employers have a responsibility to their workforce, which a majority of employers take seriously even under the direst of circumstances. Unfortunately, not all employers share respect for federal and state laws and employment contracts that are designed to protect employees." Wronged former employees are hit by a double whammy. Not only have they been personally wronged, they have lost their sources of income. Donadio explains, "The ex-employee files a lawsuit seeking compensation for the wrongs they endured and replacement wages to help them survive and provide for their families. In the meantime, they turn to litigation funding companies like Tribeca to fill in the gaps. Based on a thorough evaluation of the claim, Tribeca can often provide the plaintiff a one-time advance to get them over a hump or an ongoing payment to supplement unemployment benefits." If you or a family member suffered a wrongful termination or reduction in wages, Tribeca may be able to help. Hundreds of plaintiffs have turned to Tribeca to convert their court cases into cash when they needed it most. If you need help funding your case, contact Rory Donadio, Tribeca Capital Group, LLC, at 866-388-2288 or visit our website for more information: tribecalawsuitloans.com

SACRAMENTO, Calif., Aug. 13, 2020 /PRNewswire/ -- Legal Bay Lawsuit Funding reports that California utility company PG&E recently admitted negligence in the 2018 Camp Fire that killed 84 people and destroyed the entire town of Paradise. The fire devastated hundreds of lives and wreaked billions of dollars in property damage, and was the single most destructive wildfire in California's history. After two entire years of litigation, PG&E entered a guilty plea and will pay $13.5 billion to people who lost homes and businesses from wildfires started by its equipment. Additionally, Governor Newsom recently signed into law a $20 billion fund to assist in the displaced residents' recovery. Additional lawsuits are expected to be filed. As California enters their wildfire season once again, the Gold Fire in the rural northeastern part of the state has already burned through several hundred acres, and residents are currently being evacuated. Those who have been displaced can apply for aid through the Wildfire Assistance Program, a fund intended to help anyone who needs financial assistance with housing costs or daily living expenses while they rebuild their lives. If you or a loved one need an immediate cash advance, you can apply HERE or call: 877.571.0405 Chris Janish, CEO of Legal-Bay, commented on the recent wildfire lawsuits, "Victims of these disasters need to rebuild their homes and their lives now, but their cases are lagging in the court system. Legal-Bay is proud to offer pre-settlement funding to plaintiffs so they can survive until their wildfire lawsuit makes it to trial." If you have filed a wildfire lawsuit and need an immediate cash advance against your pending settlement, you can apply HERE or call: 877.571.0405 If you have not yet filed yet and need help finding a lawyer or law firm that specializes in wildfire lawsuits, Legal-Bay can offer referrals. Legal-Bay's programs are non-recourse lawsuit cash advances, also known as case funding, which means you only repay the lawsuit cash advance money if you win your case. None of the lawsuit money programs should be considered to be a lawsuit loan, lawsuit loans, settlement loans, settlement loan, pre-settlement loans, or a pre settlement loan.

DLA Piper has entered into a non-exclusive arrangement with publicly listed disputes financier Litigation Capital Management (LCM), and a newly formed litigation funder, Aldersgate Funding Limited to offer clients of DLA Piper access to £150m for funding large-scale litigation and arbitration. This will be offered on a financial risk-free (non-recourse) basis with a streamlined approval process embedded within the offering. Intended to be available in all applicable international jurisdictions, Aldersgate Funding has been structured to provide DLA Piper clients "best-in-class" funding terms, fast decision-making and enhanced due diligence that will allow actions to be pursued without any financial downside to claimants. With access to funding secured from LCM and Aldersgate Funding, DLA Piper will be able to provide the firm's clients with non-recourse finance for 100% of the costs of bringing a claim and additionally the ability to ‘source in’ adverse cost cover and security for costs as necessary. LCM, which is listed on the London Stock Exchange’s AIM market, has a proven and successful track-record spanning more than two decades of providing bespoke financing solutions, including corporate portfolios, to clients in various industry sectors across Europe, the Middle East, Africa, and Asia-Pacific. This funding offering opens up the opportunity to DLA Piper clients to pursue claims that would have otherwise been untenable due to capital constraints. Aldersgate Funding will be led by former DLA Piper Corporate partner Jim Holding. Jean-Pierre Douglas Henry and Jamie Curle (DLA Piper Co-Heads of Global Litigation & Regulatory and UK Litigation & Arbitration respectively) have spearheaded the portfolio funding initiative which has ultimately led to the creation of Aldersgate Funding. They will continue to lead DLA Piper’s engagement in this area and for this offering in particular. Former Global Co-Chair of Litigation & Regulatory at DLA Piper, Stephen Sly, has retired from the Firm and will also serve as Chairman of the Investment Committee of Aldersgate Funding, bringing decades of disputes experience to the table. DLA Piper will be offering this funding service as part of its enhanced legal offering named Law&. Speaking on the collaboration, Simon Levine, Global Co-CEO, DLA Piper commented: "We are working at pace to develop a stream of bold and innovative products and services as part of our enhanced legal offering Law&, that will allow clients to seize opportunities. As part of this mission, our collaboration with Aldersgate Funding and LCM gives clients access to capital to fund claims with a speed, ease and at a quantum hitherto unheard of and represents a sea change in the traditional approach to litigation funding." Jim Holding, Managing Director of Aldersgate Funding added: "This offering provides the ability for DLA Piper clients to pursue recourse through litigation and arbitration on a risk-free basis, opening up opportunities that may have previously been unavailable to them. With the benefit of our valuable collaboration with LCM, Aldersgate Funding provides a streamlined and efficient service that provides corporates with efficient access to capital, providing increased financial freedom within their businesses, an ability that is especially relevant against the current backdrop of global economic uncertainty.” Nick Rowles-Davies, Executive Vice-Chairman, Litigation Capital Management, commented: “We are delighted to be working with DLA Piper and Aldersgate Funding on this facility which not only demonstrates that LCM collaborates with the most forward-thinking law firms globally, but also the maturing of the industry where clients now demand sophisticated disputes finance solutions that move beyond the traditional templated funding model,” Funding through Aldersgate Funding is only available to clients of DLA Piper and can only be accessed via the firm.

PHOENIX, Aug. 11, 2020 /PRNewswire/ -- Pravati Capital, leading litigation finance pioneer and consulting firm, today announced the launch of its fifth specialized litigation finance investment fund with $200 million, following the success of its four previous funds launched since 2013. Pravati Investment Fund V (Fund V) will allow for the first time non-US and US-tax exempt international qualified investors the opportunity to invest in a specialized litigation finance alternative investment vehicle. Fund V, as its four predecessors, is structured using the proven methodology of stringent due diligence in selecting and structuring investments, while providing opportunities for law firms to restructure, regain financial footing and build their asset portfolios. The firm's focus remains to invest in non-correlated assets with limited risk independent of the economic cycles offered by the growing litigation finance sector. Pravati founder's 18 years of specialized experience in financial litigation has contributed to the launch of four successful funds, which together with the newly launched Fund V, will continue to provide breakthrough capital solutions that allow firms to restructure and emerge stronger in distressed markets throughout the United States. "We are pleased to offer Fund V as an alternative investment vehicle in the litigation finance sector. Given the current climate litigation financing has never been more critical. As a result, we have shifted the focus of this fund to meet those needs and the social impact we want to create. The present crisis has exacerbated the need for capital to continue operating or is the only solution to implement a restructuring process that allows smaller law firms to survive or explore the possibility to merge with others given the existent distressed environment," commented Alexander Chucri, Chief Executive Officer and Portfolio Manager of Pravati Capital. Mr. Chucri added, "The past few months have affected multiple sectors across the economy, and litigation finance has not been unscathed. Our mission remains as solid as ever, we believe we can have a positive impact by helping capitalize in need of resources firms, either to continue funding their operations or providing the necessary funding to implement changes that will allow them to persist in the current scenario or to restructure by merging with other firms and guarantee their relevance." Pravati Capital acts as the middle-market lender, merchant bank and advisor to mid-size law firms around the world and provides non-recourse, and recourse cash advances to law firms that are generally collateralized by underwriting a portfolio of cases. The company invests in a broad range of high probability, complex, plaintiff commercial disputes. Pravati Capital Fund V is expected to have short-term duration of 36-48 months. The fund aims to deploy funds in excess $200 million in the following 18 months. The fund's strategy will continue to build an international all-weather non-correlated alternative investment fund with a solid risk-reward profile that is not affected by economic cycle changes compared to traditional equities and fixed income funds. About Pravati Capital As a leader in the litigation financing field, Pravati Capital has changed how law firms envision their future. For more than a decade, we have been at the forefront of litigation financing solutions, creating innovative sources for bridge capital. It is our mission to provide innovative, efficient capital solutions for law firms, compassionate assistance to plaintiffs, and a secure alternative investment option for accredited investors. For more information, please visit our website at Pravati Capital or call 1.844.772.8284. You can also follow us on LinkedIn and Twitter.