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Multi Funding USA Earns NMLS Certification

By John Freund |

Woodstock, NY—September 24, 2019 — Multi Funding USA, a leading pre-settlement funding provider serving law firms and attorneys, announced that it has received NMLS  (Nationwide Mortgage Licensing System and Registry) certification, indicating that the company has the financial resources and security protocols to satisfy the needs of lawyers and plaintiffs. Applying for NMLS certification is completely voluntary. Only a select group of litigation finance providers have applied and received NMLS designation.

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CFPB Determines Own Structure Unconstitutional; RD Legal Claim Likely to be Stayed

By John Freund |

Well, how often does this happen? A government agency officially declares itself unconstitutional. That’s what the Consumer Financial Protection Bureau (CFPB) just did, as director Kraninger sent letters to House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell, stating in no uncertain terms that the agency is unconstitutional given the single-director-removable-only-by-POTUS structure. 

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Supreme Court of Queensland Finds LCM’s Funding Agreements to be Enforceable

By John Freund |

LCM has been funding a class action against the Gladstone Ports Corporation (GPC) on behalf of local fisheries and fishermen, who claim that GPCs port expansion project led to the collapse of the fishing market there. GPC had been arguing that LCMs funding agreement is unenforceable on the basis of champerty and maintenance, but the court just upheld the agreement as not champertous. 

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Validity Finance Adds Experienced Dispute Funder Ronit Cohen to Investment Team, Secures Additional $50 Million in Capital Commitments

By John Freund |

NEW YORK (September 18, 2019) – Litigation funder Validity Finance continues to build its U.S. investment team while expanding its capital base. The firm announced the arrival of Ronit Cohen, who joins Validity as portfolio counsel. A former trial lawyer who practiced at Simpson Thacher & Bartlett and O’Melveny, Ms. Cohen transitioned to litigation finance in 2012 and spent the past seven years as an investment professional at Bentham IMF.

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Episode 34 — Paul Haskel; Co-Chair of Corporate Dept., Richards Kibbe & Orbe

Hosted By Paul Haskel |

In this episode we speak with Paul Haskel of RK&O. Paul discusses establishing a litigation funding practice at his firm, how his background in distressed and high-yield debt investments overlaps with the funding sector, how he structures funding agreements for both claimants and law firms, and what the impact of Burford v. Muddy Waters is likely to be on the industry going forward.

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Balance REV to Fund $1B Class Action Against IAG

By John Freund |

Insurance Australia Group (IAG) is estimating that a class action being waged against it could be worth as much as $1B. Global funder Balance REV is financing the claim, which alleges that customers were sold ‘add-on’ insurance products that had little-to-no financial value. 

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