MORIN-HEIGHTS, QC, March 12, 2019 /CNW Telbec/ - Capital Pro-Égaux Inc. (the "Company") (NEX: CPE.H) announces that its wholly owned subsidiary, Technique d'usinage Sinlab Inc. ("Sinlab"), has entered into a Litigation Funding Agreement for the funding of expenses related to the professional negligence action for damages commenced in 2013 in Florida against Sinlab's counsel who represented Sinlab in litigation in Virginia against certain entities who violated Sinlab's pioneering digital dentistry patent portfolio (the "Litigation"). Update on Litigation The Litigation continues and is expected to be on the trial docket for the fourth quarter, 2019, with limited additional discovery during the next few months. To date, no defendant has offered any settlement payment to Sinlab. Litigation Funding Agreement The Company and Sinlab explored solutions to finance expenses relating to the Litigation, including a temporary revocation of the cease trade order to complete a private placement of common shares and funding from commercial litigation financing entities. Ultimately, Sinlab entered into a litigation funding agreement with certain of its directors and officers upon terms and conditions consistent with those available from commercial litigation financing entities. The agreement provides for funding of litigation expenses in exchange for the payment of a portion of the proceeds from the resolution of the Litigation, including a settlement or a judgement, ranging between 20% and 40% depending on the amount of funding expended and timing of the resolution of the Litigation. In order not to hurt Sinlab's position in the Litigation, the amount of the funding is not disclosed. However, this amount is in the range of half a million dollars. Although the transaction constitutes a related party transaction of the Company within the meaning of applicable securities legislation, the Company is relying on certain exemptions from the formal valuation and minority approval requirements contained in such legislation. "The principals of the Company are committed to seeing this Litigation through and are open to considering further financing if necessary" said Mr. Pierre Désormeau, president of the Company. Caution regarding forward-looking statements This news release contains certain forward-looking statements regarding the Company's expectation of future events, including potential claims and developments regarding legal proceedings. Such expectations are based on certain assumptions based on currently available information. If these assumptions prove incorrect, actual results may differ materially from those contemplated by the forward-looking statements contained in this press release. Factors that could lead actual results to differ include, amongst others, factors that may impact claims and legal proceedings, such as interpretation of factual matters, time and money involved in undertaking legal proceedings, uncertainty as to the final result and other risks. The Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by securities laws. About Pro-Égaux Inc. Pro-Égaux through its wholly owned subsidiary, Technique d'usinage Sinlab Inc., is a company based in Lachenaie, Quebec, specializing mainly in the conception and design of titanium products to be used in the dental prosthesis restoration industry. Neither NEX, the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of NEX and the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Capital Pro-Égaux Inc.

MIAMI, March 12, 2019 /PRNewswire/ -- Legal-Bay, The Pre Settlement Funding Company, reports today that the ongoing legal saga concerning Takata airbags isn't over yet. Plaintiffs are still filing suit against major car manufacturers including Ford, Mazda, and Toyota, citing injuries that have resulted from faulty airbags in their vehicles.

Therium Group Holdings Limited, one of the world’s leading providers of litigation, arbitration and specialty legal finance, today announced the launch of Therium Access, which will provide not-for-profit litigation funding in order to facilitate access to justice. Therium Access is the first-of-its-kind initiative in the litigation funding industry. Grants awarded by Therium Access are intended to provide access to justice to those who lack the funds necessary to pursue or defend claims, as well as to projects that seek to improve access to justice. Therium Access is the primary expression of Therium’s corporate and social responsibility programme. Therium Access dispenses with the criteria of funding for profit and has the sole purpose of facilitating access to justice by funding cases and projects which could not usually be funded on a commercial basis.  Therium Access is a mark of Therium’s wider commitment to the pursuit of justice and the rule of law, and its launch coincides with the firm’s 10^th anniversary. John Byrne, Co-Founder and CEO of Therium Capital Management Limited, said: “We are delighted to announce the launch of Therium Access, which is dedicated to improving access to justice by providing not-for -profit litigation funding for cases and projects of public interest. Therium is ten years old this year and the making of the first Therium Access grants in April will be a fantastic way to mark the firm’s 10^th anniversary.” Lord Falconer, Chairman of Therium Access Advisory Committee said: “I am delighted to chair this important initiative, which is a first for the litigation funding industry and will hopefully lead the way for further initiatives.  The choking of legal support that we have witnessed in this country as a result of unprecedented cuts to legal aid has had drastic consequences on the vulnerable who are being denied access to justice, and on those individuals and organisations who work tirelessly to support them.  The not-for-profit funding that Therium Access will provide through grants for cases and projects is urgently required to make some contribution towards restoring the right to legal support, which is the bedrock of our justice system.” The first grants will be announced in April. The deadline for the submission of the next round of grant applications is 30 August 2019. Applications need to be made by legal representatives or the entity seeking a grant.  The board of Therium Access will be assisted by an Advisory Committee which will be chaired by Lord Falconer, former Lord Chancellor, Secretary of State for Constitutional Affairs and Secretary of State for Justice. Further appointments to the advisory committee will be announced in due course. Therium Access aims to support access to justice in the broadest terms and considers applications that further the following causes (in no particular order):

• The right to legal representation or due process;
• The proper and efficient administration of justice;
• The advancement of human rights;
• The promotion of equalityof rights and diversity;
• The protection of children, the elderly, the disabled, minorities, asylum seekers and other vulnerable or disadvantagedgroups;
• The advancement of environmental protection or improvement;
• The promotion of legal educationthat furthers the causes listed above; and
• Any othercase or project in which a person, group, or entity will not have access to justice without financial assistance.

Therium Access is intended to be a global initiative, its initial focus will be on the UK and it will be rolled out in other jurisdictions in a number of planned phases. About Therium Therium is a leading global provider of litigation and arbitration and specialty legal finance, active in England and Wales since 2009. Over that period, Therium has funded claims with a total value exceeding £34 billion, including many of the largest and most high profile funded cases in the UK.  With investment teams in the UK, USA, Australia, Spain and Norway, Therium has established a track record of success in litigation finance in all forms, including single case litigation and arbitration funding, funding law firms and portfolios of litigation and arbitration claims.  Therium is also a founding member of the Association of Litigation Funders of England and Wales. Therium has consistently been at the forefront of innovation in litigation finance, pioneering the combined use of insurance tools alongside funding vehicles, and introducing portfolio funding products into the UK.  Therium’s ability to develop innovative funding arrangements and bespoke financial solutions for litigants and law firms complements its unmatched experience and rigorous approach to funding a wide range of commercial disputes throughout the world. In Chambers and Partners’ inaugural litigation support directory 2018, Therium was ranked as a Tier 1 litigation funder, and Neil Purslow, the firm’s Chief Investment Officer, was named a leading individual in the litigation funding industry. In February this year, Therium Capital Management was top ranked as one of the two “Leading” litigation and arbitration funding firms in the UK by legal and business directory Leaders League, in their 2019 ranking of litigation funding. Therium was also ranked as “Excellent” in the 2019 US ranking. www.therium.com

SYDNEY, AUSTRALIA: 11 MARCH 2019:  Backed by Australia's leading litigation funder, IMF Bentham Limited (ASX:IMF), thousands of Australian retirees, who lost everything after investing in a forestry scheme in the 1980s, will finally get their day in court against IOOF. The Supreme Court of NSW has scheduled the hearing over eight days from 1 July. The investors’ lawyers, Piper Alderman, allege that IOOF subsidiary, Australian Executor Trustees, failed in its duty as security trustee to protect the investors’ interests in the Southern Australian Perpetual Forests (Sapfor) scheme. Investors in Sapfor, known as “Covenantholders”, were promised a safe long term investment into land and trees in Mount Gambier’s green triangle area, but in 2012 saw their investments reduced to nil as a string of corporate blunders allowed the scheme assets to be consumed in the insolvency of Tasmanian forestry giant Gunns. It is claimed AET acted negligently and in breach of trust by prematurely releasing the scheme’s security arrangements before receiving sale proceeds worth $55m. The money was due to the Covenantholders, but never reached them – instead Gunns used it to repay its debts to bankers. Investor Anger Covenantholder Peter Hickson, from Penrith, NSW, said:

• “I purchased my 1983 covenant in early 1984 and paid it off over several years with some effort. The plan was deliberate to have a long-term investment in what I thought was a reputable company.
• “I trusted them and feel betrayed. They wouldn’t tell me anything.”
• “I rang them a lot of times and got absolutely nowhere. There didn’t seem to be anybody in particular looking after the matter. It seemed to float around the office.”
• “I’m a registered nurse and if I ever stuff up I would have to go before the registration authority. These people should face the appropriate regulating body. They should be held accountable for their actions. They should have their credentials withdrawn.
• “Following the sale of 30 years of timber plus land valuation naturally I expected a return.”
• Mr Hickson said he and his family faced hardships in paying off the covenant.  “I had a young family at the time and I struggled to pay it off. I was delighted when I did.  My wife got sick during the middle of it all and then, in 1990, she died.  I didn’t have the money at the time and had two young children (two boys) and had to bring them up.”
• “I didn’t do anything wrong but lost the lot because they pinched it,” Mr Hickson said.

Another Covenantholder said

• “We were a young couple with three small children and only one wage when we believed the SAPFORagent and his promise of benefits from growing trees which we love…my prayer is that there is justice for the many cheated of their rights”

The Legal Case The Covenantholders are represented by leading law firm, Piper Alderman. Partner Simon Morris said:

• “This is a remarkably simple case. The bundle of rights that protected Covenantholders’ investment included Covenantholders holding security over the scheme assets.  That security was to remain in place until Covenantholders received the proceeds from the sale of their assets. The negligence is that upon the sale of the scheme assets the security trustee, AET, as advised by Sparke Helmore lawyers, inexplicably consented to the security being released without the Covenantholders also receiving the proceeds from the sale of their assets. The result was the Covenantholders went from being secured for the full value of their investment to losing everything. These Covenantholders have been badly let down by the professionals whose job it was to look after their commercial interests. Fortunately our legal system allows third-party funding so these wronged individuals can afford to ‘have their day in court and achieve some redress’”. 

Providing Access to Justice Oliver Gayner of IMF Bentham said: “Many Covenantholders lost their retirement funds when this scheme went under, but when they tried to enquire what had happened they were met with a ‘wall of silence’. IMF is proud to be standing behind the Covenantholders and Trustee David Kerr at RSM Partners. We hope with our support they will finally see the justice they deserve.” Background  The Sapfor scheme, established in 1926, was marketed to Australian investors as “truly a unique opportunity… your investment is little affected by industrial disputes or temporary economic downturns”.  Subscribing for a Covenant bought an interest in the scheme trees and land, and a right to the proceeds when the trees were felled, milled and sold as timber.  Back in 1964, Australian Executor Trustees (SA) Ltd in Adelaide had been appointed to protect the Covenantholders’ interests by acting as the scheme’s security trustee.  AET registered security instruments known as “encumbrances” which, similar to a mortgage, prevented the land from being sold until the Covenantholders were paid their due proceeds. The genesis of the trouble can be traced to 2008, when Gunns, the Tasmanian forestry group run by controversial businessman John Gay, bought Sapfor and its parent company Auspine in a deal valued at nearly $350 million.  The deal would prove costly as the bottom fell out of the woodchip market following the GFC, and Gunns struggled to pay off its debts. In 2010, two years after acquiring Auspine, Gunns granted fixed and floating charge security over all the Sapfor scheme assets to its lender ANZ Bank as a condition for a new loan of $340m. AET was unaware at the time this had occurred, despite the charge being entered on ASIC’s public register.  As Gunn's cash troubles grew it sought to sell off assets to pay the ANZ back.  A buyer from overseas was found for Sapfor, and in March 2012 – by which time Gunns’ shares had been suspended from trading - a deal was signed with Gunns agreeing to sell the trees and land for $39m and AET agreeing to release its encumbrances with immediate effect.  AET consented for the money to be paid directly to Gunns’ overdraft account, and when only a few months later Gunns went bust the entirety of the scheme’s assets, totalling around $55m, were lost to receivers appointed by ANZ Bank. The Covenantholders say that AET’s duty was to keep this security in place until the Covenantholders were paid their entitlements in full. “Would your bank release its mortgage over your property until you’d paid them back every last cent?  Of course, they wouldn’t.  It’s really that simple.  The trustee had one job to do, and they stuffed it up”, said Mr Hickson. Legal Proceedings The current court stoush began in 2016 when an aggrieved Covenantholder, with backing from IMF Bentham, applied to the NSW Supreme Court to appoint a new trustee to investigate Sapfor’s affairs. In July 2016, David Kerr of RSM Partners in Sydney was appointed additional trustee and a year later, with approval from the Court, Mr Kerr commenced proceedings on behalf of the Covenantholders - believed to number around 4500 in total - to recover the $55m losses plus interest from AET. Court papers show AET sought to defend the case by blaming its then lawyers, Sparke Helmore, for giving allegedly negligent advice.  Meanwhile parent company IOOF has been fighting its own problems, including the Hayne Royal Commission and the Provident Capital class action which it agreed to settle for a reported $44.25m. For Mr Hickson and his fellow Covenantholders, many of whom are elderly retirees, the court hearing can’t come soon enough. “We have waited since 1983 for these trees to come and now we have nothing, we are gutted down here”, said one. Others reported their frustration at the “wall of silence” as repeated enquiries to AET and IOOF led to nothing. “It would be wonderful if those responsible are penalised and held to account”. Who is who Sapfor - Southern Australia Perpetual Forests Ltd (ACN 007 872 120) Was set up in 1926 for commercial timber production. For generations, it was marketed as a secure and tax efficient long-term investment suitable for retail investors, who could share in proceeds of timber growing in the green triangle area around Mount Gambier in South Australia and Victoria.  Sapfor later became part of the Auspine forestry group, and then part of Gunns following Gunns’ acquisition of Auspine in 2008. Australian Executor Trustees (SA) Ltd (AET) An Adelaide based subsidiary of the Australian Executor Trustees group, itself part of IOOF. AET’s role was to act as the scheme’s security trustee on behalf of the Convenantholders, overseeing Sapfor’s operation of the scheme, registering security (in the form of encumbrances over land), and ensuring that Covenantholders received their proceeds due from the sale of scheme land and timber. Covenantholders  The mainly retail investors who invested in the scheme via subscriptions for “Covenants”. Gunns  Tasmanian forestry group run by John Gay. Gunns bought Auspine in 2008, and in 2010 granted its principal creditor, ANZ Bank, a charge over the entirety of the Auspine scheme assets as collateral for further borrowing. Became insolvent in September 2012. Piper Alderman A commercial law firm with offices in Sydney, Melbourne, Brisbane and Adelaide. It has more than 60 partners and more than 300 staff.  Piper Alderman (partner Simon Morris) act for Mr David Kerr, the additional trustee of the scheme who is bringing the claim on behalf of the Covenantholders, and are instructing Alan Sullivan QC, David Sulan and Sebastian Hartford Davis of the Sydney bar. IMF Bentham (ASX: IMF) Litigation funder backing Mr Kerr and working with Piper Alderman (Investment Manager: Oliver Gayner). Timeline 1926  The Sapfor scheme is established. For generations, it was marketed as a secure and tax efficient long-term investment suitable for retail investors, who could share in proceeds of timber growing the green triangle area around Mount Gambier in South Australia and Victoria. The scheme was operated by two SEAS Sapfor companies, which were part of the Auspine group. 1964 AET appointed as security trustee by a Deed of Trust.  AET’s core duty was to ensure that Covenantholders received their proceeds due from the sale of scheme land and timber. One of the features that helped the stability of the investment was that AET held security instruments called encumbrances (similar in effect to a mortgage) over the scheme land securing Sapfor’s obligation to pay proceeds of timber sales to Covenantholders. Additionally, Sapfor was prohibited from charging scheme timber and land without AET’s consent. January 2008  Auspine is bought by the Gunns Group in a deal reportedly valued at $348m (cash of $279 million with the balance paid in Gunns shares). February 2010 In breach of the prohibition against charging scheme assets, and unbeknown to AET and the Covenantholders, Gunns granted its principal creditor, ANZ Bank, a charge over the entirety of the Sapfor scheme assets as collateral for $340m further borrowing.  The charge was registered with ASIC but its existence was initially not detected by AET. June 2011 Gunns’ Annual Report shows loss of $355.5m. February – March 2012 Gunns’ shares are twice suspended from trading on the ASX. March 2012 In an attempt to repay its massive debts, Gunns sold the scheme trees and land to a third party investor for $39m. As part of the sale of the scheme assets, AET consented to the encumbrances in favour of Covenantholders being discharged, but received nothing in return as the proceeds were paid directly into Gunns’ overdraft account. The consequence was that none of the purchase price for the scheme timber, and other scheme assets totalling around $55m, ever reached the Covenantholders. Instead, the proceeds became subject to the ANZ charge. September 2012 Gunns is insolvent and receivers and administrators are appointed to take over the company. Having had their security forfeited by AET the Covenantholders were rendered unsecured creditors in the Gunns’ liquidation. The result was that 4500 to 5000 Covenantholders lost their whole investment.  With Sapfor insolvent and AET not answering questions, Covenantholders faced a “wall of silence” when trying to understand where their savings had gone. March 2015 High Court rejects AET’s attempts to argue that the receivers did not, in fact, have priority: Korda v Australian Executor Trustees (SA) Ltd [2015] HCA 6. Mid 2015 Simon Morris of Piper Alderman takes up the case after being contacted by an aggrieved Covenantholder, Mr John Armour. June 2016 A new trustee is appointed after Piper Alderman applied to the NSW Supreme Court on Mr Armour’s behalf. The new trustee is Mr David Kerr of RSM.  Mr Kerr is granted access to the books and records of the trust and conducts investigations. June 2017 Mr Kerr receives judicial approval from the NSW Supreme Court (equity division) to commence proceedings against AET for negligence and breach of trust seeking to recover the Covenantholder losses, by now totalling around $75m including interest. November 2017 AET files its defence denying liability and cross-claiming against its then solicitors, Sparke Helmore. for the losses.  Sparke Helmore also refuses to accept liability. February 2019 A date is set down for the case to be heard in the NSW Supreme Court: 1 July 2019 (8 days). ABOUT IMF BENTHAM LIMITED IMF has a highly experienced litigation funding team overseeing its investments. We have a 90% success rate over 184 completed investments and have recovered over AU$1.4 billion for clients since 2001. IMF is one of the leading global litigation funders, headquartered in Australia and with offices in the US, Canada, Singapore, Hong Kong and London. IMF has built its reputation as a trusted provider of innovative litigation funding solutions and has established an increasingly diverse portfolio of litigation funding assets at 31 December 2018, IMF has 80 active investments around the world. For further information  regarding IMF and its activities, please visit www.imf.com.au ABOUT RSM  RSM Partners is one of Australia’s leading professional services firms, with advisers in 30 offices across Australia providing expert corporate financial and advisory accounting services. RSM is a member of the world’s sixth largest audit, tax and consulting network. This global nexus of member firms draws on more than 43,000 people in 800 offices, across 120 countries - including the world’s top 40 major business centres - to help guide clients through business challenges, both locally and seamlessly across borders. RSM member firms offer a wide range of specialist international services, such as wealth management, IT, consulting, legal and risk advisory, forensic accounting, human resource consulting, and global compliance reporting. David Kerr is a Partner of the Restructuring & Recovery division and has over 25 years' experience. He provides advice on and accepts appointments to both corporate and personal insolvency matters. For further information please visit www.rsm.global/australia/ ABOUT PIPER ALDERMAN Piper Alderman is a leading, national law firm, providing commercial legal services across Australia for over 160 years. We have achieved our impressive growth by listening to our clients, responding to their needs and creating practical legal solutions. Piper Alderman Partner, Simon Morris, is leading the claim against AET and Sparke Helmore. Simon is a pre-eminent commercial litigation lawyer. He practises predominantly in complex disputes in the Federal and Supreme Courts and has a particular focus in securities class actions. He is the Head of Piper Alderman’s Sydney office and was formerly the national practice head of Piper Alderman’s commercial litigation division. For further information please visit www.piperalderman.com.au

SYDNEY, 11 March 2019: Litigation Capital Management (“LCM” or “the Company”), a leading international provider of litigation financing solutions, announces its intention to commit A$100 million of capital into Australasian litigation finance projects during 2019. The capital commitment will be invested across all types of litigation finance projects that LCM typically funds, although the Company expects a significant proportion to be allocated to funding corporate portfolio projects across the region. There is a significant growth opportunity for LCM to finance corporate portfolio projects, where funding and risk management solutions are provided directly to corporate entities across a number of cases. This is a market that is still new and largely under-developed in the region and is therefore viewed as key area for LCM’s future growth. LCM’s team includes a number of pioneers in this space, who have significant experience of originating and structuring such transactions, which allow a company to remove the financial risk of undertaking litigation and the detrimental accounting effects that accompany it. Patrick Moloney, CEO of LCM, said: “The success of our listing on the AIM component of the London Stock Exchange means that we are able to commit capital on a larger scale to high-quality litigation finance projects. Our heritage is in Australasia, a market we have operated in for over 20 years, and we are pleased to announce a commitment of A$100 million in capital to this key region for LCM. Whilst we see strong growth potential across all types of projects that we finance, we are particularly excited about the opportunities in the corporate portfolio space. “Our team includes some of the most experienced practitioners globally in developing corporate portfolio transactions, which are nuanced and complex, with different value drivers and success factors to single-case litigation finance projects. However, they make complete sense for the client and elevate the funders position to one of being a true corporate finance provider.” About Litigation Capital Management (LCM) Litigation Capital Management ("LCM") is a leading international provider of litigation financing solutions. This includes single-case and portfolio; across class actions, commercial claims, claims arising out of insolvency and international arbitration. LCM has an unparalleled track record, driven by effective project selection, active project management and robust risk management. Headquartered in Sydney, with offices in London, Singapore, Brisbane and Melbourne, LCM has been listed on AIM (part of the London Stock Exchange) since December 2018, trading under the ticker LIT. www.lcmfinance.com    

The first episode in this series is titled "An Introduction to a New Yet Old Funding Alternative " and is co-produced by West LegalEdCenter™. It will feature Jeremy Waitzman (Sugar Felsenthal Grais & Helsinger LLP); David Spiegel (GLS Capital, LLC); Ken Epstein (Bentham IMF); and Evan Fried (Greybridge Capital LLC). CHICAGO (PRWEB) March 06, 2019 About the Series: This three-part series is geared towards educating attorneys and clients on legal/ethical, strategic, and business decisions when considering litigation funding, and investors seeking to learn about an increasingly mainstream asset class. About the Episode: Litigation funding is an increasingly-popular tool for attorneys and clients to share the risk and reward of litigation with third-party investors, and for investors to capitalize on the uncorrelated returns generated by legal-driven revenue. This webinar is intended to provide an overview of the topic generally, touching on the "who," "what," "where," "when," "why" and "how's" behind litigation funding. To learn more, click here. The webinar will be available on-demand after its premiere. As with every Financial Poise Webinar, it will be an engaging and plain English conversation designed to entertain as it teaches. About Financial Poise  Financial Poise has one mission: to provide reliable plain English business, financial and legal education to investors, private business owners and executives, and their respective trusted advisors. Financial Poise content is created by seasoned, respected experts who are invited to join our Faculty only after being recommended by current Faculty Members. Our editorial staff then works to make sure all content is easily digestible. Financial Poise is a meritocracy; nobody can "buy" their way into the Financial Poise Faculty. Start learning today at https://www.financialpoise.com/

TALLAHASSEE, Fla., March 7, 2019 /PRNewswire/ -- Legal-Bay, the premier Pre Settlement Funding Company, announced today that they are preparing for huge growth in their medical malpractice department.

NEW YORK--(BUSINESS WIRE)--LexShares, a leader in commercial litigation finance, and GLG Law, a leader in expert witness services, today announced an exclusive new partnership under which they will offer their litigation support products to one another’s clients. Together, LexShares and GLG Law have worked with more than three quarters of the AmLaw 100 and are trusted partners of hundreds of law firms globally.