
Baker Street Funding announced today as a result of the effects of the global pandemic, COVID-19 and because of the unprecedented global shutdown of business activities, many people (including people who depended on Baker Street Funding) do not have the opportunity to earn an income. Baker Street Funding has increased their funding applications by 50%.
The funding firm is advancing people money with strong cases and attorney representation. Post and pre-settlement funding, attorney funding, commercial litigation funding and surgery funding for injured victims applications have increased.
A lot of times, personal injury victims need financial help because of the prolonged nature of battles with the defendant’s insurance company. This kind of situation can put the plaintiff in a financial crisis. Baker Street Funding comes in and helps you get through this tough period until you can finalize your settlement. By receiving lawsuit funding, you can make a positive impact in your own life, especially during this global pandemic.
A Baker Street Funding representative reported that the increase in their lawsuit funding applications is based on people not being able to plan for the lockdown because of its “sudden” nature. Just like everyone else, they are forced to work from home and offer legal funding services at a time when there is a spike in demand. This situation is unprecedented in the industry, and it will be interesting to see how it will all play out.
Baker Street Funding encourages anyone who is or will be a plaintiff in litigation to contact them for a consultation and to apply. The application process is quick and easy to complete and does not require plaintiffs to undergo unnecessary checks nor have any type of human contact, this can be done while the plaintiff is at home. If the case is lost, plaintiffs owe nothing.
About Baker Street Funding
Headquartered in NYC, and opening a new office in Naples, Florida, Baker Street Funding was created to establish the most user-friendly, simple legal funding process. They partner up with a high-level team of individuals combining passionate team members with some of the best underwriters in the industry to create an easy legal funding process. They have a unique ability in the legal finance industry that sets them apart from the competition by virtue of their strategic partnerships with major players within the market. They have a diversified risk portfolio, select investor base, superior underwriting team and extensive expertise and education.TORONTO, ON / ACCESSWIRE / April 6, 2020 / Stans Energy Corp. (HRE.V)(HREEF) ("Stans" or the "Company") is pleased to announce that it has entered into a Cooperation agreement with its Finance Providers to secure financing for the Award recognition and enforcement proceedings. This Agreement is an extension of the existing Litigation funding agreement of March 2018, and its main terms provide for the following:
Update on the Status of the Lobash-1 Gold-Copper Project
The initial review by Stans of the documentation of the Lobash-1 gold-copper project produced the following results:
The Company is continuing its due diligence of the data including exploration and metallurgical test results, as well as the mineral resource estimates, while waiting for licensing issues to be cleared.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Stans Energy
Stans Energy Corp. is a resource development company focused on advancing rare and specialty metals properties and processing technologies. Stans is now transitioning to become a supplier of materials and technologies that will assist in satisfying the future energy supply, storage and transmission needs of the world. Previously, the Company acquired, among other things, the right to mine the past producing rare earth mine, Kutessay II, in the Kyrgyz Republic. Due to the expropriation actions taken by the Government of the Kyrgyz Republic, the Company proceeded with the international arbitration litigation to protect the Company's rights and in August 2019 won the Award for damages at over US$24,000,000 plus interest.
DELRAY BEACH, Fla., April 6, 2020 /PRNewswire/ -- DRB Financial Solutions, LLC, is pleased to announce that its subsidiary, USClaims (www.USClaims.com), America's premier pre-settlement funding company, was recently chosen as America's "Best Consumer Litigation Funding Provider" by the audience of Corporate Counsel, the leading national legal and business news publication for in-house counsel at global companies.
The reader ranking survey is directed by The National Law Journal, which asks its readers to help recognize the best legal service providers in the industry. This year's ballot consisted of more than 59 categories ranging from law firm marketing and communications to technology, litigation support, accounting, banking, and insurance.
The landmark victory is USClaims' first with Corporate Counsel and comes as the company continues to expand its presence westward from its offices in New Jersey and Florida. USClaims has consistently been recognized as best-in-class across the nation, including California, Georgia, New York, New Jersey, Connecticut, North Carolina, Pennsylvania, Texas, and Washington DC.
"Thank you for your votes and confidence in USClaims as your preferred funding company. We are committed to our mission of providing necessary funds to plaintiffs so you, their attorney, has the time to pursue fair settlements," stated Donna Lee Jones, Esq., President of USClaims.
USClaims, established in 1996, is the longest continuously operating pre-settlement funding firm in the United States and has been consistently voted among the best in the nation. In 2019 alone, USClaims earned first place rankings by the audience of The National Law Journal in several categories, including "Best Law Firm Funding Provider," "Best Case Funding [pre-settlement]," "Best Consumer Litigation Funding Provider" and several "Hall of Fame" awards.
In 2014, a Florida-based specialty finance company, DRB Financial Solutions, LLC, acquired the business, a move that has enabled USClaims to assist more customers than ever before. The company offers plaintiffs who are waiting on a lawsuit settlement the opportunity to receive cash before their case is resolved. There are no out of pocket cost, the transactions are non-recourse to the claimant, do not require a credit check, and – best of all – nothing is owed unless the claim is successful.
For additional information on USClaims' pre-settlement funding, please call (877) 872-5246 or visit USClaims.com. Funding is subject to approval and is not available in every state.
About USClaims: USClaims (USClaims.com) provides litigation funding for plaintiffs, attorneys, and surgeries. Its flagship offering is providing non-recourse financial support to personal injury victims, some of whom may have suffered catastrophic injuries from defective products, unsafe premises, motor vehicle accidents, and other types of accidents. This financial support provides the injured plaintiff the means to pay bills and endure the often long and arduous litigation process.
About DRB Financial Solutions, LLC, (DRB) provides liquidity solutions to individuals and small/medium-sized businesses holding high quality but illiquid assets. Having raised over $1 billion in capital and developed a robust origination platform, DRB is a market leader in four major lines of business: CRG Financial, (CRGFinancial.com), Producer Advance (ProducerAdvance.com), USClaims (USClaims.com), and DRB Capital (DRBCapital.com).
Forbes Ventures announces that Kirk Kashefi and Igor Zjalic have resigned as Non-executive Directors of the Company with immediate effect. Additionally, Igor Zjalic has resigned as a director of Forbes’ subsidiary, Forbes Ventures Investment Management Limited. The resignations of Kirk and Igor are by mutual consent and follow Forbes’ announcement of 2 March 2020, which confirmed that the Company’s future strategy would focus on the securitisation of litigation funding assets, via the establishment of a Securitisation Cell Company (SCC) in Malta.
Forbes expects to appoint additional directors to the Board as the Company’s strategy progresses.
Peter Moss, Chairman of Forbes, commented, “We would like to thank both Kirk and Igor for their service to Forbes over the last couple of years and wish them both the very best in their future endeavours. We at Forbes are extremely excited about our new direction and the establishment of our securitisation capability in Malta. The set-up of our Securitisation Cell Company is progressing well, and we do not foresee any delays in the process, despite the Covid-19 virus.
While global markets may remain volatile in the short term, we believe that securitised litigation funding assets, with appropriate credit support, will prove to be popular with institutional credit investors when the current market volatility subsides.
The Directors of Forbes accept responsibility for the contents of this announcement.
1:00 pm to 2:00 pm
The NYC Bar Association's Working Group on Litigation Funding delivered a long-anticipated 90-page report concluding that funding agreements between lawyers and funders will benefit litigants, and recommending that the legal ethics rules explicitly permit such agreements. The report also rejected calls for mandatory disclosure of commercial litigation funding agreements in court proceedings. Join Validity's Chief Risk Officer, Dave Kerstein, Portfolio Counsel, Will Marra, along with litigation finance experts Brad Wendel, Ethics and Law Professor, Cornell Law School and Constantine Karides, Partner at Reed Smith for an upcoming webinar that will cover:Figures in A$ million unless otherwise stated | Six months ended 31 December 2019 | Six months ended 31 December 2018 |
Gross revenue | 24.1 | 11.7 |
Gross profit | 12.2 | 5.7 |
Adjusted profit before tax | 6.9 | 2.7 |
Adjusted basic EPS (cents per share) | 6.61 | 4.31 |
Statutory profit before tax | 6.7 | 1.0 |
Net cash | 34.7 | 52.6 |
Capital deployed on litigation investments | 18.4 | 12.8 |
Litigation investments | 34.0 | 20.7 |
Total equity | 80.4 | 70.3 |
Cash receipts from the completion of litigation investments | 9.2 | 11.0 |
CHICAGO – March 16, 2020 – Longford Capital today announced that Andrew A. Stulce joined the firm as Vice President. Mr. Stulce will assist with investment sourcing, due diligence, and monitoring of portfolio investments.
Mr. Stulce was a member of the litigation department at some of the most prestigious law firms in the country. Prior to joining Longford Capital, Mr. Stulce was with McGuireWoods LLP; prior to McGuireWoods, he was with Hunton & Williams LLP (now Hunton Andrews Kurth LLP).
Mr. Stulce has significant experience litigating complex antitrust and insurance recovery cases. He has also represented corporate clients in a range of commercial litigation matters, including fraud, breach of contract, and breach of fiduciary duty matters.
Before entering private practice, Mr. Stulce clerked for the Honorable Charles A. Pannell, Jr., of the United States District Court for the Northern District of Georgia.
“Andrew has joined our team of experienced litigators and trial lawyers to assist in addressing the growing demand for litigation finance from leading law firms and corporate claimants,” said William P. Farrell, Jr., Managing Director and General Counsel of Longford Capital. “Andrew is an experienced litigator and trial lawyer. His work at two fine law firms and experience clerking in the federal trial court has prepared him to make an important contribution to Longford Capital. We are excited to welcome Andrew to the firm.”
Mr. Stulce is a member of the state bars of Illinois, Georgia, and Tennessee. He is admitted to practice before the United States District Court for the Northern District of Illinois, the United States District Court for the Northern District of Georgia, the United States District Court for the Middle District of Georgia, the United States District Court for the Eastern District of Tennessee, the United States District Court for the Eastern District of Texas, the United States Court of Appeals for the Eleventh Circuit, and the United States Court of Appeals for the Federal Circuit.
He graduated, cum laude, from the University of Georgia School of Law and earned a Bachelor of Science degree in Business Administration and Romance Languages from the University of North Carolina at Chapel Hill.
About Longford Capital
Longford Capital is a leading private investment company that provides capital to leading law firms, public and private companies, universities, government agencies, and other entities involved in large-scale, commercial legal disputes. Typically, Longford Capital funds attorneys' fees and other costs necessary to pursue meritorious legal claims in return for a share of a favorable settlement or award. The firm manages a diversified portfolio, and considers investments in subject matter areas where it has developed considerable expertise, including, business-to-business contract claims, antitrust and trade regulation claims, intellectual property claims (including patent, trademark, copyright, and trade secret), fiduciary duty claims, fraud claims, claims in bankruptcy and liquidation, domestic and international arbitrations, and a variety of others. For additional information about Longford Capital, please visit www.longfordcapital.com.