John Freund

August 11, 2022

The United Kingdom's Serious Fraud Office's (SFO) investigation of Timothy Schools has ended in a 14 year jail term. Mr. Schools is accused of defrauding investors to fund his exorbitant lifestyle. More than £100M in proceeds were part of the SFO investigation. SFO.GOV.UK reports that Mr. Schools operated a Cayman Island based fund under the banner of Axiom Legal Financing. Schools was convicted of tricking investors by using the funds for personal expenses, such as the purchase of a motor boat. The SFO investigation concluded that Schools siphoned off money at the detriment of investor confidence. SFO says that it will continue prosecution of similar cases to support the public interest.

Commercial Legal Innovation

August 11, 2022

The Digital Freedom Fund offers capital for legal and other expenses associated with technological liberties. As digital rights heat up (for example, with crypto technology) it is a safe bet litigation will shape the broader economy. Henceforth, the Digital Freedom Fund has collated a new library of tools to help those looking for strategic funding. According to their website, the Digital Freedom Fund approached coordination of the toolkit in a collaborative way. The Fund suggests the new research offers resources from case conceptualization, funding, through to finalized ruling. Offered part of CC BY-SA 4.0 license, the kit can be open property. Finally, the Digital Freedom Fund also notes its precedent in funding litigation to progress technologies and the freedoms associated with that.

Commercial Legal Innovation

August 10, 2022

Alongside new regional funders starting up in the UK, some fintech companies are looking to strengthen their position by spinning off their litigation funding divisions into separate entities. Most recently, ME Group has spun out its funding operation, ME Litigation Funding, which is now owned by CC Capital. Speaking with The Business Desk, CEO of ME Group, Rob Cooper, stated that this restructuring will allow the funder to more effectively meet the demands of its clients. The regional litigation funding company relies on proprietary technology to provide investors analysis which helps them select the most valuable funding opportunities on a foundation of curated data. ME Litigation Funding is based in Cheadle, and is one of a growing number of funding and legal tech firms that are attempting to meet the growing regional demand of clients seeking financing outside of London.

Commercial Deals

August 10, 2022

As we have seen in recent months, a growing number of industry leaders are predicting significant growth in the UK litigation funding market in tandem with an increase in class action suits. The latest research from law firm RPC, suggests that the value of the litigation funding industry in the UK has doubled in the last three years, with an estimate of £2.2 billion in assets. Reporting from Bloomberg highlights that class-action lawsuits, and particularly those that are opt-out cases, are central drivers of this explosive growth. RPC’s Charlotte Henschen suggests that the high return-on-investment is a big factor in funders pursuing these types of claims, along with a growing number of actions and the volume of claimants out there. Susan Dunn, who heads the Harbour Litigation Funding team, points out that without this third-party funding, there would be almost no cases taken to the Competition Appeal Tribunal (CAT) as the claimants would simply never have the capital to fight these claims. However, Bloomberg’s reporting notes that those seeking funding must realize that holding on to a funder is not always a guarantee, highlighting the case of Walter Merricks’ class action against Mastercard, where Burford Capital dropped its funding after Merrick failed to gain certification from CAT. This case also illustrated the breadth of the UK funding market, as Merrick has since won appeals to the Court of Appeal and Supreme Court, after entering into a new funding agreement with Innsworth.

Public

Case Developments Commercial Special Features

Federal Court of Australia Orders Respondent in Shareholder Class Action to Hand Over Insurance Information

August 9, 2022

The following piece was contributed by Anne Freeman of Australian law firm, Piper Alderman.

Virgin Australia, which has been sued by investors who purchased unsecured notes in the airline based on statements in a 2019 prospectus for a capital raising, has been ordered to advise the lead applicant in the class action whether its has made a claim against its insurer for its costs and any liability in the class action, and whether its insurer has agreed to grant indemnity. It has also been ordered to produce copies of any insurance policies which might respond to the claims made in the class action[i]. The orders made are in contrast to a 2020 decision of the Court[ii], which found that the case management powers of the Court did not empower it to order the disclosure of the respondent’s insurance policies in class actions. In that case, very similar orders were sought, namely for production of policies and for communications regarding the insurer’s position on the grant of indemnity. The applicant in that case relied upon a 2019 Federal Court authority, Simpson v Thorn Australia Pty Ltd trading as Radio Rentals[iii] , which had resulted in orders for the production of insurance information, to argue that the documents were relevant to inform the applicant whether further prosecution of the proceedings was commercially viable and whether mediation was appropriate and, if so, what the appropriate quantum of settlement might be. The applicant also argued that the documents were relevant to the approval of the settlement and to determine whether action against the insurer may be needed to obtain a declaration of indemnity. The judge disagreed, taking the conventional position that insurance information is not relevant to the proof of a cause of action in the proceedings and is therefore not discoverable, and noting that the case management powers of the Court were not designed to “confer an asymmetric commercial advantage in favour of one party at the expense of another” in mediations. Beach J also rejected the suggestion that the documents were needed for any settlement approval, and distinguished the position in Simpson where leave had been granted to bring a claim against the insurer. The orders are also in contrast to a decision of another Federal Court judge, who declined an application by a shareholder to access insurance policies under a discretionary power which may allow shareholders access to the books and records of the company, if the application is made in good faith and for a proper purpose[iv]. That decision was based upon a finding by the judge that the claims made by the class members did not arise from their rights and entitlements as shareholders but rather as potential investors, and that therefore the application was not brought for a proper purpose. The orders in Virgin Australia were made in the context of a Deed of Company Arrangement and the need to consider which claims against the company were covered by insurance. That made the insurance position relevant, and distinguishes it from the decision in Evans. However, the decision does show that accessing insurance information is a matter to be considered carefully in the circumstances of the individual case. There are mechanisms available to obtain insurance information, which is obviously valuable in considering the recoverability of any funded claim. Early consideration should be given in each class action as to potential means to obtain this information. [i] Matheson Property Group Australia Pty Ltd as Trustee for The MPG Trust v Virgin Australia Holdings Limited NSD346/2022, order of Lee J, 28 June 2022 [ii] Evans v Davantage [2020] FCA 473 [iii] [2019] FCA 1229 [iv] Ingram as trustee for the Ingram Superannuation Fund v Ardent Leisure Limited [2020] FCA 1302

Commercial Legal Innovation

August 9, 2022

The UK litigation finance industry is seeing an expansion of market players, as many newer funding platforms are finding success offering a wide array of products for investors. This has been demonstrated most recently by AxiaFunder, which has announced that after launching its Housing Disrepair (HDR) product in July, it has already begun to execute on its mission of providing stable and regular returns for investors. In an article by Peer2Peer Finance News, the HDR portfolio has already seen three per cent of its cases settled, and an additional 18 per cent are in settlement negotiations. This new product represented a new approach for AxiaFunder, as the HDR portfolio is directly assigned to a partner law firm, rather than being individually contracted to each claimant. Although the funder is avoiding exaggerated speculation on the portfolio’s growth, AxiaFunder claims that it expects the portfolio to hit its target internal rate of return of 25 per cent. Investors can expect to see further portfolio products from AxiaFunder, should this upward momentum continue.

Commercial Regulatory Issues

August 9, 2022

There can often be tensions between law firms and litigation funders, especially in the early days of partnership. As a result, there are those in the legal industry who are wary of working with funders. However, Sarah Breckenridge, who has served as both the head of a disputes team at a global law firm and now as an investment manager at a litigation funder, offers a balanced perspective which emphasises the need for efficient and open communication between the two sides. Writing for the Dispute Resolution Blog, Breckenridge offers advice to both factions that can hopefully lead to more efficient and effective communications. Looking at funders, she emphasises the need for a speedy response when considering whether to enter into a funding agreement with a client, even if the answer is the funder declining. This approach should also be reflected when sharing timings and terms of any agreement, as both the lawyer and claimant will be juggling many responsibilities. On the other side, Breckenridge also acknowledges a range of factors for law firms to consider. These include having detailed and realistic budgets prepared, similarly thorough projections of potential quantum if the case is successful, and stress-tested legal opinions on the case’s merits to demonstrate the value to the funder. While issues will inevitably arise in negotiations and communication, thinking primarily about the other side’s needs and requirements builds a strong foundation for relationships between funders and law firms.

Public

Announcements Commercial People Moves

BURFORD CAPITAL APPOINTS DR. RUKIA BARUTI AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR

August 9, 2022

Burford Capital Limited, the leading global finance and asset management firm focused on law, is pleased to announce the appointment of Dr. Rukia Baruti as an independent non-executive director. Dr. Baruti is the Secretary General of the African Arbitration Association and an experienced independent arbitrator. She is admitted as a solicitor in England and Wales and previously practiced commercial and arbitration law in London. She is also the founder of Africa International Legal Awareness, a non-profit organization dedicated to advancing African involvement in the international legal community, and a co-founder of the African Arbitration Association, a non-profit organization dedicated to promoting African arbitration practitioners. Dr. Baruti holds a bachelor’s degree in law (first class) from Birkbeck College, University of London, a Master’s degree from the University of Westminster, and a doctorate (cum laude) from the University of Geneva. Dr. Baruti, 53, brings a valuable perspective to Burford’s business as an arbitration expert with deep international experience. She will also serve as a member of its nominating and governance committee. She is Burford’s fifth new non-executive director since 2020, and her appointment completes the refresh of Burford’s board of directors ahead of schedule. Burford previously announced a plan to achieve by its 2023 annual general meeting a board of directors with a majority of independent directors as defined by the UK Corporate Governance Code (to which Burford is not subject). Burford delivered an independent board of directors in line with the Code one full year ahead of schedule in May 2022 with the appointment of Christopher Halmy as an independent non-executive director. Dr. Baruti’s appointment adds still more independent oversight to the Board. Dr. Baruti’s appointment also furthers Burford’s plan to improve the diversity of its board of directors. Burford has stated that at least 30% of the board of directors should comprise female members as soon as reasonably possible; following the retirements of Mr. Parkinson at the 2023 annual general meeting and Mr. Wilson at the 2024 annual general meeting, Burford will exceed that goal. Other required disclosures Dr. Baruti’s full name is Dr. Rukia Baruti Dames. Save as disclosed below in relation to current and past directorships, Burford confirms that there are no further disclosures to be made in relation to Rule 17 of paragraph (g) of Schedule Two of the AIM Rules for Companies in respect of Dr. Baruti’s appointment.

Current directorships/partnerships:	African Arbitration Association
Directorships/partnerships in the past five years:	Africa International Legal Awareness Ltd

About Burford Capital Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on theNew York Stock Exchange(NYSE: BUR)and the London Stock Exchange (LSE: BUR), and it works with companies and law firms around the world from its principal offices in New York, London, Chicago, Washington, DC, Singapore, Sydney and Hong Kong. For more information, please visit www.burfordcapital.com.

Commercial Regulatory Issues

August 9, 2022

Claimants are understandably cautious when engaging with third-parties during litigation due to the sensitive nature of the information they discuss, and a need to maintain a careful eye on any privileged communications they undertake. However, it is equally important for funders to have a detailed and complete understanding of the case they’re financing and any particularly sensitive elements of the proceedings that could affect the outcome. In a piece of analysis for Sentry Funding, litigation finance adviser and broker, Miko Burzec, provides a helpful guide for clients and funders as to best practices for maintaining the security of privileged information during cases in England. In particular, he states that while legal advice privilege will protect litigants when discussing matters of legal advice in terms of the client’s rights and liabilities, this will not extend to broader strategic advice or commercial matters. Therefore, Mr Burzec highlights the need for confidentiality and non-disclosure agreements between potential clients and funders, even before any funding agreement is signed and finalised. This will allow funders and claimants to maintain an open and informed dialogue about key background or ongoing details in the case, such as trade secrets, without risking disclosure at a later date. This combination of caution and communication is the key to a productive relationship between the client and funder, whilst avoiding any increase in potential risk for clients.

Commercial Legal Innovation

August 9, 2022

When it comes to patent infringement, the balance of power has been so heavily in the favour of companies doing the infringing, that many do not fear any sort of reprisal and will often choose to eschew paying for the license. Having courts invalidate patents, and the lack of damages that can actually be gained by an inventor through an infringement lawsuit, have put individual creators at a serious disadvantage. However, litigation funding is a unique asset for these patent holders to reassert control. Writing in Bloomberg Law, Jonathan Barbee, an attorney at MoloLamken, examines the utility of third-party funding for inventors to redress this imbalance by not only giving patent holders the financial resources to execute a lawsuit, but also by reducing the risk that a poorly-handled lawsuit might hasten the invalidation of the patent. With the capital to see proceedings through to the final conclusion, and to hire the kind of legal counsel that can go toe-to-toe with those instructed by global corporations, inventors will stand a fighting chance. Mr Barbee also points out that this should not just be a consideration for individual innovators, but also for universities and startups, which may see their intellectual property appropriated by industry leaders. He points to the recent Columbia University and CalTech cases as examples of institutions protecting their patents, where they have utilised litigation funding as a method for strengthening their position.

Public

Commercial People Moves

Global Law Firm announce expansion and name change

August 8, 2022

Global law firm PGMBM will now be known as Pogust Goodhead after a succession of litigation victories.

Following a landmark ruling ensuring mining giant BHP will face their day of reckoning in the English courts over the Mariana dam disaster, the law firm will also be expanding their services in Brazil.

With the addition of a new office in Rio de Janeiro, Pogust Goodhead plans to continue spearheading environmental litigation in Brazil, as well as around the world through offices in the Netherlands and United States.

The expansion also includes plans for a new legal process outsourcing centre based in Governador Valadares, Minas Gerais, Brazil to help process and service clients worldwide – which will bring over 300 jobs to the area.

Alongside the expansion into Brazil, the firm is growing its global securities department, with a new office in San Diego – headed up by experienced securities litigator Takeo Kellar. Enhancing this practise area aligns with Pogust Goodhead’s commitment to bringing shareholder engagement and litigation solutions to investors around the world.

The news comes after a series of historic settlements including on behalf of 15,000 claimants in the Volkswagen Group Litigation in May 2022 and 16,000 victims of the British Airways Data Breach in 2021.

A partnership and £100m funding deal with North Wall Capital was also recently announced as the largest investment in a UK claimant law firm to date.

The ongoing investment in Brazil will also see the addition of 20 new Brazilian lawyers in the coming weeks, after a series of UK hires.

Pogust Goodhead has recently seen the recruitment of C-Suite leaders Chief Operating Officer Alicia Alinia and Chief Financial Officer Jash Radia, bringing decades of experience in strategic leadership across the business.

Global Managing Partner and CEO Tom Goodhead said:

“In the past twelve months, we have successfully concluded group litigations against British Airways, Volkswagen and just last month we secured an extraordinary victory against the largest mining company in the world, BHP.

“Today we are moving to the next chapter. As the business continues to grow, it is vital that we make changes to ensure that we have a strong, reliable, and sustainable infrastructure to facilitate our ambitions to transform group litigation globally.

“Our Brazilian cases have always been the driving force of the firm and with a new office in Rio we hope to build on the great progress we have made with cases against defendants such as BHP and Tuv Sud.

“Most importantly we want to ensure our clients are given an even better experience and to ultimately ensure we represent their desire for justice, continuing to fight the good fight across all our litigations.”

Chairman Harris Pogust added:

“We are delighted to be building on the successes of recent years in what we feel is the next crucial step for our firm. I am beyond proud to have my name standing big and bold next to my amazing partner, Tom Goodhead. As we continue to grow the firm, brand recognition becomes an even more important item in our growth. With this name change we believe the brand Pogust Goodhead will be one of the most recognizable in the legal landscape.

“There is no law firm out there doing the cutting edge, ground-breaking work on behalf of those who are in most need of legal representation than Pogust Goodhead, and these changes will ensure we take things to the next level.

“We are beyond proud of the talented people we have on board at the firm and the incredible work they do every day, championing justice for our clients.

“We are only just getting started.”

Consumer Fundraising

August 4, 2022

Investors continue to see litigation financing as a lucrative investment, not only seeking returns from individually funding cases, but also through investments in leading funders. Experity Ventures is the latest beneficiary, as the funder announced it has secured a $32 million corporate note, in a transaction that involved a number of high-level institutional investors. In the company’s press release, founder and chairman of Experity Ventures, Joseph Greco, stated that this demand from institutional investors will allow Experity to see continued growth and pursue a portfolio of litigation funding claims that focuses on pre-settlement and medical funding cases. In the six years since it was founded, Experity has provided more than $380 million in funding to over 65,000 claimants, and CEO Ryan Silverman highlights the value of this capital for the firm continue expanding and execute its operations. For this transaction, Brean Capital acted as the sole placement agent and financial adviser to Experity.

Public

Announcements Commercial People Moves

Omni Bridgeway expands its investment team in Canada with Laura Scheim

August 3, 2022

Legal finance company Omni Bridgeway is expanding its Canadian operations with the hire of Laura Scheim as associate investment manager and legal counsel. Based in our Montreal office, Laura brings expertise in commercial and tax litigation, and a background that includes clerking at the Supreme Court of Canada and the Quebec Court of Appeal.

Before joining Omni Bridgeway, Laura practiced with the top ranked litigation group at Osler, Hoskin & Harcourt LLP. She adds to our strong investment team in Canada comprised of Paul Rand and Nick Tzoulas who joined Omni Bridgeway from Blake, Cassels & Graydon LLP, Naomi Loewith who joined from Lenczner Slaght LLP, Geoff Moysa who joined from McMillan LLP, Pierre-Jerome Bouchard who joined from McCarthy Tétrault LLP, Annie Lesperance who joined from Cabinet Yves Fortier and George Hendy, formerly head of litigation at Osler, Hoskin & Harcourt LLP in Montreal, who serves as Senior Advisor in Quebec. Laura will assist the Canadian team in responding to the continued growth in demand for corporate and commercial litigation funding and growing interest in legal finance management. With nearly a decade of sophisticated litigation experience and top-flight academic credentials, Laura is well positioned to help Omni Bridgeway assess and manage the funding of meritorious claims. Laura has two law degrees and an undergraduate degree from McGill, and an MSc in Human Rights with a focus on international law from the London School of Economics. Before entering legal practice, Laura clerked for Justice Moldaver of the Supreme Court of Canada and Justice Hilton of the Quebec Court of Appeal. Laura is fluent in English, French and Hebrew. Omni Bridgeway is delighted to welcome Laura to the team. Omni Bridgeway expands investment team in Canada with Laura Scheim Litigation finance firm Omni Bridgeway is expanding its Canadian operations with the hiring of Laura Scheim as associate investment manager and legal counsel. Based in our Montreal office, Laura will bring her expertise in commercial and tax litigation, as well as experience that includes clerking at the Supreme Court of Canada and the Quebec Court of Appeal. Prior to joining Omni Bridgeway, Laura practiced in the top-ranked litigation group at Osler, Hoskin & Harcourt LLP. She joins our strong Canadian investment team of Paul Rand and Nick Tzoulas who joined Omni Bridgeway after practicing at Blake, Cassels & Graydon LLP, Naomi Loewith who joined Omni Bridgeway after practicing at Lenczner Slaght LLP, Geoff Moysa who joined Omni Bridgeway after practicing at McMillan LLP, Pierre-Jérôme Bouchard who joined Omni Bridgeway after practicing at McCarthy Tetrault LLP, Annie Lespérance who joined Omni Bridgeway after practicing at Yves Fortier and George Hendy, former head of the litigation department at Osler, Hoskin & Harcourt LLP in Montreal, Laura will help the Canadian team meet the continued growth in demand for corporate and commercial litigation funding and the growing interest in managing litigation funding. With nearly a decade of complex litigation experience and advanced academic credentials, Laura is well positioned to help Omni Bridgeway assess and manage the funding of meritorious claims. Laura holds law degrees and an undergraduate degree from McGill University, as well as a master's degree in human rights with a specialization in international law from the London School of Economics. Prior to entering legal practice, Laura articled with Justice Moldaver of the Supreme Court of Canada and Justice Hilton of the Quebec Court of Appeal. Laura is fluent in English, French and Hebrew. Omni Bridgeway is delighted to welcome Laura to the team.

Public

Announcements Consumer

High Rise Legal Funding Focuses on Car Accident Pre-Settlement Funding in 2022

August 3, 2022

Due to the increasing number of vehicle accidents and related lawsuits, High Rise Legal Funding announced they are focusing on car accident pre-settlement funding in 2022. More than a year-and-a-half ago, roadways emptied as the pandemic closed the country and people stayed home. However, according to National Highway Traffic Safety Administration (NHTSA) Traffic Safety Facts, those who drove their vehicles engaged in more dangerous behavior. Law enforcement and traffic safety experts reported a high number of motorists driving too fast, under the influence of drugs and alcohol, or failing to buckle up. As a result, NHTSA estimates reveal 38,680 people were killed in 2020 vehicle crashes: a fatality rate not seen since 2007. Additionally, approximately 20,160 people died in motor vehicle crashes during the first half of 2021. The NHTSA reported that this is the most significant six-month increase recorded and the largest estimated number of fatalities during that period since 2006. Those numbers are only projected to get worse as the pandemic lockdown tapers off and more people feel safer in their cars than taking public transportation. In addition, legal experts attribute many car-related injuries to negligent drivers, increasing personal injury lawsuits claims. About Pre-Settlement Legal Funding High Rise Legal Funding is aware that those struggling with COVID-related work issues will find it even more challenging to pay their bills as they pursue a car-accident-related personal injury claim. A successful lawsuit settlement is intended to help victims recover from financial and emotional damages; however, a resolution on their claim could take months or years. The financial pressures victims face can affect their ability to receive fair compensation from the at-fault party. Therefore, High Rise Legal Funding is proud to provide pre-settlement financing to help plaintiffs when they need it the most. Litigation financing gives car accident injury victims the funds to replace lost wages and cover mortgage, rent, medical bills, childcare, and vehicle repair bills while waiting for a case resolution in 2022. Unlike a regular bank loan, car accident legal funding includes a fast, simple approval process with no interest. And because the IRS classifies legal financing as nonrecourse, it does not have to be repaid, even if they lose their lawsuit and fail to win compensation. About High Rise Financial High Rise Financial is a limited liability company based in Los Angeles that provides up to $1 million in legal funding to qualified accident victims nationwide. Founders Mark Berookim and Michael Berookim established the top-rated firm to assist lawsuit plaintiffs in paying their expenses while recovering and during litigation. According to the Berookims, “High Rise seeks to provide every personal injury accident victim with a fair chance. As a result, our clients are better able to navigate their legal case without being in a rush to settle for less than they deserve.” For more information, please visit www.highriselegalfunding.com.

Commercial Deals

August 3, 2022

Trademark litigation has traditionally been an area that has disproportionately favored defendants who are large corporations or industry giants, due to the sheer weight of financial and legal resources they are able to bring to bear. However, recent trends have demonstrated that smaller companies are able to redress that balance by utilizing litigation financing providers who are willing to fund proceedings where legitimate trademark disputes occur. In an article by Managing IP, industry figures highlight that while this is not a silver bullet, when litigation funding is deployed intelligently, it can be a useful asset for litigants. Managing partner of law firm Ellis George Cipollone, Keith Wesley, suggests that the biggest challenge for lawyers seeking funding is having access to enough details about the defendant’s position to make a viable case to potential funders. He points out this can be partly alleviated by using witnesses and publicly accessible information to strengthen their proposition. On the side of funders, Marla Decker, managing director at Lake Whillans Litigation Finance, notes that not only do financiers consider the strength of the case being brought, but importantly, the scale of damages that can be recouped against the costs for seeing the proceedings through to a successful conclusion. However, while Decker acknowledges that not all cases will be attractive to funders initially, there are always opportunities for claimants to seek funding later in the process, once they have established a more solid evidence base.

Commercial

August 3, 2022

When selecting the right funder to pitch their case, litigants and counsel are looking for the capital to fund proceedings, as well as the right partner who can provide valuable expertise and strategic guidance for their case. As a result, top litigation funding outfits are offering financial resources, as well as the support of former litigators, who bring a wealth of experience to the matter. As profiled by Lawdragon, Stuart Grant, co-founder and managing director of Bench Walk Advisors, is a leading example of this, with 30 years of experience in securities litigation. Mr Grant talks about his firm’s approach as one that values sharp due-diligence, speed and a certainty of commitment to their clients, who require a funder that is going to be with them every step of the way. Discussing Bench Walk’s strategy for selecting cases, Mr Grant highlights that they only take on 5% of the cases brought to them, and while they don’t instruct potential clients on what to do, through this scrutiny, the firm has found that it strengthens the case of claimants even when Bench Walk does not invest. This approach not only protects Bench Walk from weak cases, but has developed a reputation with clients where even if they are not approved for funding on a particular case, they may still come back to the firm for future cases with a stronger foundation. Speaking to the state of the industry, Mr Grant suggests that while the pandemic did not noticeably hurt the availability of cases or the length of time it took disputes to resolve, the increased demand has more to do with enhancing understanding from law firms as to the benefits of third-party funding, rather than external factors.

Commercial Deals

August 3, 2022

In an economic climate that has continued to demonstrate instability and uncertainty for private investments, the avenue of investment in litigation funding represents a viable alternative to traditional asset classes. Litigation finance represents not only an opportunity to add increased diversity to an investor’s portfolio, but also provides an investment vehicle with the potential to reap surprisingly high returns on the initial investment. Recapping a recent roundtable by the law firm Macfarlanes, Private Debt Investor highlights the increasing growth in the litigation funding industry as representative of the sustained appetite of investors. Of interest to funders is the fact that this pool of investors includes not only established asset management firms, but also other institutional investors such as sovereign wealth funds and also retail high-net-worth investors. Macfarlanes also predicts that the industry’s growth, especially in the UK, is far from its peak. However, caution is advised, as investments in litigation are inherently risky and cannot be assessed through the usual financial and economic indicators. Macfarlanes stressed the key point that ultimately, while funders will usually only fund cases with a high probability of success, the fact that the outcome ultimately rests in the legal system carries additional risk. Additionally, whilst there are no immediate signs of a regulatory crackdown, investors should consider that legislators will be keeping a close eye on these activities and further reform is not out of the question.

Public

Case Developments Commercial

Inventor Leverages Litigation Funding to Beat Microsoft

August 2, 2022

One of the great benefits of third-party legal funding is the ability for small companies and even individuals to fight on a level playing field against the world’s largest corporations. This dynamic was made evident in a recent case, where a US inventor was able to achieve a $10 million award for patent infringement from Microsoft, after enlisting the support of a litigation funder. Detailed in an article by Bloomberg Law, inventor Michael Kaufman has been in a decade-long struggle to receive compensation, after he alleged that Microsoft infringed his technology patent by using it in their Visual Studios Software. However, it wasn’t until he and attorney Ronald Abramson sought funding from Woodsford Litigation Funding that he was able to take Microsoft to court with previously inaccessible financial resources to fight the case. Whilst Microsoft initially claimed it had not used the patented product to a significant degree in 2019, lawyers for Abramson discovered that this was only true for the previous year, and Microsoft had in fact been substantially using the product in prior years. After an appeal in federal court, the panel opinion stated that Kaufman should have received royalties from the product usage dating back to 2011. Whilst victories in patent infringement cases for individual inventors is rare, Nicole Morris, a professor at Emory School of Law, highlighted that in situations where they can receive third-party funding, inventors are determined litigants due to their desire to see their own invention and work recognised.

Case Developments Commercial

August 2, 2022

In a landmark New Zealand case, 150,000 customers of ANZ and ASB banks will likely be represented in a class action against the two institutions, after the High Court approved the matter as an opt-out lawsuit. The claim is notable not only for its size and scope, but also because it is being funded jointly by two litigation funders: LPF Group in New Zealand and CASL from Australia. According to The New Zealand Herald, the case’s origins lie in the alleged failure of both banks to provide their customers reliable and accurate information, when they varied the terms of these customers’ home and bank loans. Whilst ANZ and ASB have already made settlement payments to customers to the tune of $29.4 million and $8.1 million, respectively, lawyers for the claimants argue that these are not nearly commensurate with the actual compensation customers should receive under current legislation. Whilst both banks have vowed to continue to defend the claims, this latest ruling has demonstrated the power of opt-out claims for large groups of customers, especially where third-party funding is available to finance the proceedings.

Commercial Regulatory Issues

August 2, 2022

A recent case involving Cost Proceeding Orders (CPOs) being granted against train operators by the Competition Appeal Tribunal (CAT) has raised questions about the level of oversight needed for third-party funders. Whilst dismissing the appeal made by these train operators against the decision to approve the CPOs, Lord Justice Green questioned whether the incentives for litigation funders could damage the legitimate goal of wider access to justice. Reporting by LegalFutures highlights that the Lord Justice’s comments were provoked after examining the surprisingly high costs budget over the claimant, Mr Justin Gutmann. Whilst Green LJ still denied the train operators’ appeal, he highlighted that the case demonstrated that where litigation funders are involved, there is a legitimate concern that litigants will claim unreasonably high costs in order to ensure funders receive a return on their investment. The Lord Justice also suggested that there is a risk that claimants who are funded by third-parties may be encouraged to settle in a shortened timespan and for a smaller award in order to achieve returns in a timely manner. However, he also acknowledged that these funders play an important role in widening the access to justice gap, and in enabling consumers to seek compensation from institutions. Whilst this is clearly an area of concern for some within the judicial system, Green LJ pointed out that a high costs budget does not automatically result in those costs being ordered to be paid, even where the class action is successful. Therefore, while there are underlying concerns that incentives may be perverted, it still remains in the hands of the legal system and tribunals to ensure the third-party funding mechanism is not being abused.

Public

Commercial

Woodsford Whitepaper on Litigation Finance and Bankruptcy in the United States

August 2, 2022

Engaging litigation investment is a fundamental utility for firms navigating the thorny journey of bankruptcy restructuring. Woodsford has published a new whitepaper with insights into the benefits that litigation finance offers during corporate insolvency reorganization. According to Woodsford, litigation investment offers creditors and debtors various benefits for the hope of future returns on current distressed assets. Woodsford outlines several examples of bankruptcy litigation finance scenarios as part of the whitepaper. Furthermore, Woodsford suggests that bankruptcy funding options fit a wide range of scenarios that increase leverage for corporate investors to rise successfully from insolvencies.

Commercial Legal Innovation

August 2, 2022

With the global innovation pace of digital assets, innovative vehicles are being engaged that serve many of the same purposes of traditional litigation finance products. For example, BitGet has coordinated a "protection fund" that mimics a hybrid BTE - ATE insurance instrument to safeguard user deposits. Cointelegraph.com reports that BitGet chose not to utilize third party insurance carriers and leverage digital asset architectures to organize the $200M fund in-house. BitGet decided to secure the fund with a combination of Bitcoin and Stablecoin assets to mitigate the risk of cross-border cryptocurrency market volatility. Meanwhile, Cointelegraph.com also reports news of Voyager Digital’s similar fund that turned into a court-appointed scenario under bankruptcy restructuring. BitGet and Voyager both seemingly created the funds as an alternative to traditional litigation investment agreements.

Commercial Fundraising

August 1, 2022

Throughout 2022, we have witnessed a growing discussion and corresponding action that suggests the global litigation funding market is set to see increased growth. In another sign of this expanding demand for financing, global funder Omni Bridgeway is making waves with an impressive $250 million debt facility that the funder says will allow it to continue servicing an increasingly large portfolio of clients, whilst reducing risk across its investments. Speaking with Lawyers Weekly, Andrew Saker, the chief executive of the firm, highlights that this refinancing is just one tool in its arsenal of capital, which includes around $3 billion ready to be strategically deployed. Mr Saker notes that there is an expanding demand for dispute financing, and Omni Bridgeway has also seen recent cases where governments are starting to take part in class action suits. This trend has given the funder plenty of confidence that the market is far from its peak, both in Australia and around the world. Australian law firm Gilbert & Tobin acted as legal counsel for Omni Bridgeway on this refinancing, with Louise McCoach describing it as not only a significant milestone for the funder, but also a landmark transaction for the market.

Commercial Deals

August 1, 2022

Although the litigation funding market already represents an attractive prospect for investors looking for more reliable returns in an economic downturn, the secondary investment market for litigation asset-backed securities is also attracting more attention. Whilst these types of deals are still relatively low in volume compared to other ABS investments available, they remain a viable option. Research by Bloomberg highlights that the Kroll Bond Rating agency has assigned ratings for these types of deals to the tune of $1.2 billion in the last two years alone. However, senior director for ABS at the agency, Joanne DeSimone, says that while there is the potential for growth, investors should not expect to see a drastic rise in the number of litigation ABS deals in the coming years. According to DeSimone, most transactions are usually conducted by the same issuers each year. Whether or not the cadence of this subset of ABS deals experiences rapid growth, investment firms do not see any slowdown in the related volume of litigation financing opportunities. The head of US securitized products at Janus Henderson, John Kerschner, predicts that the current economic climate will likely fuel increased litigation, and where that activity rises, so will the number of funding agreements in play.

Consumer

August 1, 2022

Former New York attorney, Jaeson Birnbaum, was sentenced last week to three years in prison for defrauding over $3 million from investors through his funding company Cash4Cases. Reporting on the sentencing, Claims Journal outlined how in several instances, Mr Birnbaum deceived investors by putting forward lawsuits that were not even funded by his company. U.S. Attorney Damian Williams explained that in order to execute this fraud, Birnbaum falsified company records to hide the truth from prospective investors. Both of Mr Birnbaum’s fraudulent litigation ventures, Cash4Cases and Liberty Bridge, made Chapter 7 bankruptcy filings in 2020. This led the defrauded plaintiffs to sue the ex-lawyer for over $61 million in damages, less than $20 million of which has been recovered to date.

Public

Announcements Case Developments Commercial

English Court of Appeal decides that ground-breaking £93m legal claim brought on behalf of rail passengers against train operating companies can proceed

July 30, 2022

London’s specialist competition court, the Competition Appeal Tribunal (CAT), decided in October 2021 that a class action should proceed on behalf of rail passengers who are allegedly being overcharged by the Southeastern and South Western rail franchises by not making ‘boundary fares’ sufficiently available. Southeastern and South Western could have taken last year’s decision as a prompt to do the right thing by their customers and offer compensation. Unfortunately, they sought to delay resolution of the case, and ultimately the payment of compensation, by pursuing an appeal. In yesterday’s unanimous decision of the Court of Appeal, Southeastern’s and South Western’s appeal was dismissed. The class action will proceed. The pursuit of justice for rail passengers has taken a significant step forward. Justin Gutmann, formerly of Citizens Advice, is the Class Representative. His standalone claim against Southeastern and South Western was the first of its kind to be filed in the UK and is estimated to be worth around £93m in damages for rail users. The Court of Appeal’s decision means that millions of passengers who have paid twice for part of their journey on Southeastern and South Western routes because they were not sold a boundary fare, will now automatically be represented at court, unless they choose to withdraw from – or opt out of – the claim. The defendants argued that some consumers might have suffered relatively small damages, some as little as “the price of a takeaway cappuccino”, and that such small losses should be excluded from the claim. The class representative, quite rightly pointed out “for some consumers even a cup of takeaway coffee is meaningful”, and the Court of Appeal clearly agreed. Delivering the single judgment of the Court of Appeal, Lord Justice Green stated: “In mass consumer claims quantum might characteristically be calculated by multiplying very small numbers (the individual claim) with very large numbers (the class) to arrive at a substantial aggregate award. An analysis of whether a claim or category of claims might be nominal or de minimis forms no part of such an exercise. There is no logic in the CAT calculating an aggregate award which is the sum of a multitude of small claims but then slicing off a percentage to reflect the fact that some (or even most) of the claims are small. To allow this would derogate from a central purpose behind the regime which is to vindicate the collective rights of consumers sustaining small losses.” Mr. Gutman’s case is funded by Woodsford, one of the world’s leading ESG and litigation finance businesses, which has provided a significant, multi-million budget for legal fees and other costs. Lord Justice Green acknowledged the access to justice benefits of litigation funding, and rejected the defendants’ arguments that the payment of a return to a litigation was a negative factor. He stated: “to enable mass consumer actions to be viable at all will invariably necessitate the assistance of third-party funders… and the [Court] must therefore recognise that litigation funding is a business and funders will, legitimately, seek a return upon their investment”. Woodsford’s Chief Investment Officer, Charlie Morris commented: “This is an important milestone in the promotion of collective redress in the UK, which allows consumers and small businesses to achieve compensation for the wrongs committed by big business. Woodsford, a business dedicated to holding corporates to account and delivering access to justice, is proud to support Mr. Gutman, who is now much closer to obtaining compensation for the millions of rail passengers.” Steven Friel, Woodsford’s Chief Executive Officer, commented: “This is a huge success for consumer redress in the UK, and I am proud of Woodsford’s significant part in it. This victory in Justin Gutman’s case relating to overcharging on the rail network follows hot on the heels of an important preliminary victory in Mark McLaren’s case relating to car delivery charges. Both are backed by the team here at Woodsford, which is now clearly established as the most successful ESG and litigation finance business in this area of UK collective redress. My only regret is that big corporate defendants continue to use their significant legal and financial resource to fight technical arguments, with the goal of delaying compensation payments to consumers. Now that the Court of Appeal has rejected Southeastern’s and South Western’s appeals, they should settle the case against them and allow rail users to receive the compensation they are owed.” Southeastern and South Western customers can find further information about the case at https://www.boundaryfares.com/

Public

Announcements Case Developments

SIGNIFICANT MILESTONE IN ESG ACTION BROUGHT AGAINST AIRBUS IN AMSTERDAM

July 28, 2022

The District Court in Amsterdam has delivered a significant decision in a ground-breaking ESG action brought against Airbus. The action is organised and funded by the ESG team at Woodsford. Airbus SE is a European headquartered, multinational aerospace corporation. Airbus designs, manufactures and sells civil and military aerospace products worldwide. In one of the most egregious breakdowns of ESG in recent years, it came to light in the course of investigations by the French Parquet National Financier, the U.K. Serious Fraud Office, and the US Department of Justice that Airbus had engaged in bribery and corruption on a global scale. In January 2020, Airbus agreed to pay penalties of approximately US$4 billion plus interest and costs to resolve foreign bribery charges with US, French and UK authorities. These matters led to a significant drop in Airbus’ share price. Airbus investors who suffered significant losses as a result of these breakdowns in ESG, and Airbus’ failure to disclose them to the market in a timely manner, fall into two main categories - those who trade in Airbus securities within the US, and those who trade in Airbus securities in Europe (France, Germany and Spain). In May 2022, Airbus agreed a multimillion-dollar settlement (subject to U.S. court approval) in the US with investors who fall into the former category. However, the vast majority of affected investors fall into the latter category. Airbus has not yet settled with, and has therefore not yet been held accountable to, investors who trade Airbus securities in Europe. Woodsford brought the above ESG failings, and Airbus’ failure to disclose them to the market in a timely manner, to the attention of major international, institutional investors, and has organised them into a special purpose entity, called Airbus Investors Recovery Limited (AIRL), to engage with Airbus. AIRL has commenced legal proceedings against Airbus in Amsterdam. Woodsford also supports Airbus Investor Recovery Stichting (AIRS), which is also litigating against Airbus. AIRL and AIRS are advised and represented by the Amsterdam office of international law firm Scott+Scott. Unfortunately, it is common for big corporates to react to investor concerns by delaying and obfuscating ESG actions like this. In a move that would have delayed AIRL’s Dutch action, Airbus asked the District Court in Amsterdam to refer the case to the European Court of Justice (ECJ), and to stay (i.e. suspend) the Dutch action pending the outcome of the ECJ referral. Further, Airbus argued that, contrary to AIRL’s simple suggestion that Dutch law should apply to the case on the basis inter alia that Airbus has its statutory seat in The Netherlands, Airbus argued that some combination of French, German and Spanish law might apply. This could have led to delay and unnecessary complications in the resolution of the litigation. In a decision dated 27 July 2022, the Dutch court found against Airbus, and has agreed with AIRL, on these points. The matter will proceed before the Dutch court, and Dutch law will apply. There will not be a reference to the ECJ and there is no reason to otherwise stay the proceedings. Airbus was not granted leave to appeal the decision. The Dutch court therefore will now address the merits of the matter with Airbus being required to make substantive submissions later this year. Steven Friel of Woodsford commented: “This is an important milestone in AIRL’s efforts to hold Airbus to account for the losses suffered by investors due to catastrophic breakdowns in ESG at Airbus. I hope that Airbus takes the decision of the Amsterdam court as a prompt to engage seriously with AIRL with a view to settling these proceedings. It is in the interests of all concerned that this unfortunate episode in Airbus’ corporate history is finally brought to an end.” About Woodsford Since 2010 Woodsford has been helping to hold corporates to account for their egregious behaviour. Whether it is helping consumers achieve collective redress, ensuring that inventors and universities are properly compensated when Big Tech infringes intellectual property rights, or helping shareholders in collaborative, escalated engagement up to and including litigation with listed companies, Woodsford is committed to ESG and access to justice. Working with most of the world’s leading law firms, our strength lies in the combination of our legal experience, investment, business and technical expertise, together with significant financial resources.

Commercial Deals

July 27, 2022

Litigation funding in the UK has been largely dominated by national or even global firms based out of London, who have traditionally focused on the lucrative market within the capital and surrounding regions. However, a new funder is seeking to widen access to financing for underserved regions in the country, with Thaxted Capital launching its new service out of Manchester. Speaking with the University of Cambridge’s Judge Business School, Jack Bradley-Seddon, founder of Thaxted Capital, described the need for wider regional representation, as well as funders who cater to the small-cap funding cases that require under £1 million in commitment. Thaxted has already secured £25 million in funding from Sandton Capital Partners, which singled out the new firm as a much-needed entrant into the market that can bring a unique approach. Mr Bradley-Seddon is also an alumnus of the Judge Business School, where he was awarded an EMBA in 2020, and has previously worked as an associate at both Akin Gump Strauss Hauer & Feld and Bench Walk Advisors.

Commercial Legal Innovation

July 27, 2022

As LFJ has been reporting, the European litigation funding market is continuing to grow and is predicted to see rapid expansion in the forthcoming years. This is reflected in the wave of new startup funders launching throughout the region. Just this week, a new Italian funder has arrived on the market: Lexcapital. In an article for Legal Community, one of the founders of Lexcapital, Giuseppe Farchione, spoke about the company’s innovative approach, which will combine the founders’ many years of experience, as well as the harnessing of new technologies to accurately assess the likelihood of a successful claim. At the heart of this proposition is a proprietary algorithm, Litigation Assessment, which the funder claims will save time and resources when evaluating the probability of a profitable return when engaging in a case. Mr Farchione comes from RSM, where he was a partner leading their special situations team, and is joined in the management of Lexcapital by Francesco D’Addario, Manuel Caccone and Giovanni Latorre.

Public

Announcements Commercial People Moves

Therium Adds Four Investment Managers To Its Transatlantic Investment Team In London And New York

July 27, 2022

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.

Neil Purslow, Founder and Chief Investment Officer at Therium said: “We are delighted to welcome these four investment managers to our transatlantic investment team. Their strong legal know-how and experience of high-value litigation and arbitration across jurisdictions will add to our high-calibre investment team, as we continue to invest in a broad range of cases across the legal sector.

Alongside our investment team, they will work on cases right through from origination to completion. This unique approach allows our investment managers to build strong and enduring relationships with clients,get under the skin of the complex matters, be incredibly responsive and deliver top quality execution.”

Therium has now added five investment managers to date this year, including Fred Bowman who joined in January. The new investment managers will provide legal finance to meritorious cases, law firms and corporates through a range of innovative financing structures.

Corey Banks who will be based in New York has over five years’ experience as a commercial disputes associate at prominent New York law firm Wachtell, Lipton, Rosen & Katz, where he worked on a broad range of funded commercial disputes, including corporate and financial matters, breach of contract, antitrust/ competition and bankruptcy litigation. Previous roles include clerking at a US District Court and the Second Circuit US Court of Appeals. Corey also worked as an Associate at Clearly Gottlieb Steen & Hamilton. He graduated magna cum laude from Harvard Law School and holds a BA in International Relations and Japanese from Tufts University, Massachusetts.

Joshua Card, also based in New York joins from Sidley Austin’s where he was a senior managing associate in the Commercial Litigation and Disputes and Securities and Shareholder Litigation practices. Prior to this, Josh worked at Wachtell, Lipton, Rosen & Katz. He has experience of M&A cases, corporate governance litigation, white collar criminal matters and other corporate and securities matters, including commercial arbitration. Josh has also been a law clerk at a US District Court and the Second Circuit US Court of Appeals. He holds a BA in Political Science from Amherst College and obtained a Juris Doctor, magna cum laude from Brooklyn Law School.

Charlie Temperley, based in London, previously worked at Michelmores and Womble Bond Dickinson, where his practice encompassed a broad range of commercial litigation including high value, multi-jurisdictional disputes and enforcement actions. He has experience working on commercial contract claims, group actions, civil fraud and asset tracing, trusts and probate disputes, shareholder disputes, professional negligence, property litigation and joint venture breakdowns. Charlie holds a First-Class Joint Honours degree in Mathematics and Philosophy from the University of Nottingham and an MPhil in Philosophy from the University of Cambridge. He completed a Graduate Diploma in Law and Legal Practice Course at the University of Law, Guildford.

Chris Wilkins, also based in London, joins after nine years as a solicitor at Slaughter and May. In the Disputes and Investigations Group, his practice focused on resolving large-scale, complex and often multi-jurisdictional disputes for large corporates, including FTSE 100 companies, across a wide range of industry sectors. He has advised on cases in the High Court and Competition Appeal Tribunal, as well as international arbitrations. Chris holds a First Class Honours degree in History from King’s College London and a Master’s degree with Distinction in International Relations from the London School of Economics. Chris completed a Graduate LLB at the University of London and a Legal Practice Course at BPP Law School.

About Therium Capital Management:

Therium is a leading provider of investment capital to the legal industry and one of the largest, having raised over $1bn since 2009. With investment teams in the UK, USA, Australia, Germany and Norway, Therium has funded litigation and arbitration claims exceeding $40 billion, including many of the largest and most high profile funded cases in the UK and internationally and arbitrations under rules of the LCIA, ICC, UNCITRAL, LMAA, AAA, CIETAC, ICSID, Stockholm Chamber of Commerce and the Energy Charter Treaty. Therium has been Top Ranked by Chambers and Partners and Leaders League with investment officers across the UK, Europe, USA and Asia Pacific recognised as leading individuals in litigation finance.

To mark the firm’s tenth anniversary, Therium Access was launched in 2019 as a not-for-profit venture to fund a wide range of access to justice projects and cases – supporting the most vulnerable in our society and helping to bridge the widening justice gap. With its own board composed of eminent figures from the legal community and a dedicated grants officer, Therium Access has made over £1.3 m in financial commitments over the last 18 months to over 26 different organisations. As the first initiative of its kind, Therium has been shortlisted for several awards for launching this ground-breaking initiative, including the FT Innovative Lawyer Awards 2019, The Lawyer Awards 2021 and the Lexis Nexis Awards 2020 and 2022.

Therium also invests in AI and software projects to accelerate the advancement of the industry. As a founding member of ALF, ILFA and the Litigation Funding Working Group, Therium is also committed to shaping the future of legal finance and setting high standards for the industry.

50 51 52 53 54 55 56

John Freund's Posts

United Kingdom Sentences £100M Litigation Financier to 14 Years Jail

Digital Freedom Fund’s Strategic Litigation Toolkit

UK Legal Tech Firm Spins Out Funding Operation

Class Actions Fuel Booming UK Litigation Funding Industry

Federal Court of Australia Orders Respondent in Shareholder Class Action to Hand Over Insurance Information

AxiaFunder Sees Early Success with New Portfolio Offering

Communication and Speed at the Core of Productive Funder-Lawyer Partnerships

BURFORD CAPITAL APPOINTS DR. RUKIA BARUTI AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR

Funder Highlights the Importance of Privileged Communications

Litigation Funding Levels the Playing Field in Patent Infringement

Global Law Firm announce expansion and name change

Experity Ventures Closes £32 Million in Financing from Institutional Investors

Omni Bridgeway expands its investment team in Canada with Laura Scheim

High Rise Legal Funding Focuses on Car Accident Pre-Settlement Funding in 2022

Trademark Disputes are Challenging, but Offer High Returns for Funders

Bench Walk Founder Highlights Speed and Certainty as Core Offerings

Macfarlanes Sees a Broad Array of Investors Engaging with Funders

Inventor Leverages Litigation Funding to Beat Microsoft

Third-Party Funding Allows 150,000 Customers To Seek Compensation From Banks

Court of Appeal Raises Concerns With Incentives For Third-Party Funding

Woodsford Whitepaper on Litigation Finance and Bankruptcy in the United States

$200M Bitcoin – USDT Protection Fund Announced

Omni Bridgeway Establishes New Debt Facility To Meet Growing Demand

Litigation ABS Transactions Represent Enticing Investment Vehicle

Cash4Cases Funder Sentenced for Defrauding Investors

English Court of Appeal decides that ground-breaking £93m legal claim brought on behalf of rail passengers against train operating companies can proceed

SIGNIFICANT MILESTONE IN ESG ACTION BROUGHT AGAINST AIRBUS IN AMSTERDAM

UK Startup Funder Seeks to Meet Regional Demand for Small Cap Funding

New Italian Funder Promises To Combine Experience With Technology

Therium Adds Four Investment Managers To Its Transatlantic Investment Team In London And New York

Sign Up for LFJ’s Weekly Newsletter & Daily Alerts

Thank you for signing up for the LFJ Newsletter!

Newsletter Signup Form