Delta Capital Partners Management, a global private equity firm specializing in litigation and legal finance, is pleased to announce that Brian O’Mara has joined the company as its Chief Underwriting Officer. In this role, O’Mara will be responsible for overseeing underwriting and due diligence and managing Delta’s investment portfolios.
In a huge boost to the hopes of millions of UK consumers who stand to gain from a Woodsford-funded collective action against five large shipping companies who engaged in an anticompetitive cartel, the UK Supreme Court announced yesterday that it had refused to allow a further appeal against certification of the collective action to proceed.
Omni Bridgeway Limited (Omni Bridgeway, Company, OBL) (ASX: OBL) announces that the sale of a participation in Fund 1 to Gerchen Capital Partners (GCP) has completed and the Initial Payment of US$38.0 million has been received and distributed as set out in our announcement dated 11 May 2023.
Fortress Investment Group (“Fortress”) and Mubadala Investment Company, through its wholly owned asset management subsidiary Mubadala Capital (“Mubadala Capital”), today announced that they have entered into definitive agreements to acquire 90.01% of the equity of Fortress that is currently held by SoftBank Group Corp. (“SoftBank”), who have been the owners of Fortress since 2017. Terms of the deal were not disclosed, and the deal is subject to customary closing conditions and regulatory approvals.
Legal-Bay, The Pre Settlement Funding Company, announced today that Los Angeles County is preparing to spend a sizable chunk of their proposed annual budget to resolve the thousands of sexual abuse claims that plaintiffs say they suffered within the walls of state-run institutions. The county’s juvenile halls have been the focus for many of the allegations, where a multitude of plaintiffs claim they were verbally, physically, and sexually abused while living within the facilities as minors.
LegalPay, India’s first and largest litigation financier, is breaking into the world of sports law disputes. In a first, the company has announced the launch of a $3 million fund for sports disputes with a focus on supporting the rights of athletes in India while also addressing disputes pertaining to broadcasting rights, endorsement & advertising aiming to boost the sports industry. With a tenure of four years, the sports focused fund has no limit on the ticket size.
KBRA assigns preliminary ratings to three classes of notes issued by US Claims LFS Securitization, Series 2023-A (LFS 2023A), a litigation finance ABS. LFS 2023A represents the ninth ABS collateralized by litigation finance receivables to be sponsored by US Claims Holdings, LLC (US Claims or the Company). US Claims, originally established in 1996 and acquired in 2014 by Blackstone Tactical Opportunities as a subsidiary of Majestic Financial Holdings, LLC, is a leading provider of non-recourse advances to plaintiffs and attorneys with pending legal settlements across a variety of case types. Through its strategy of keeping “Litigation Funding Simplified”, the Company has funded over $800 million of litigation finance since 2010. The Company has 100 full-time employees across its headquarters in Delray Beach, FL and support offices in Clearwater, FL and Moorestown, NJ.
Burford Capital Limited (“Burford”), the leading global finance and asset management firm focused on law, today announces its audited financial results for the year ended December 31, 2022 (“FY22”).1 The Burford Capital 2022 Annual Report, including financial statements (the “2022 Annual Report”), is available on the Burford Capital website at http://investors.burfordcapital.com.
Burford Capital, the leading global finance and asset management firm focused on law, today announces that it has expanded its European footprint while also continuing to add leading legal talent to its global operation. Expanded client demand for offerings such as corporate monetization and law firm portfolio financing, combined with a greater desire and need for legal finance in Europe due to legislative changes related to collective redress, have resulted in Burford’s continued growth. In Europe, Burford now has an on-the-ground presence in London, Frankfurt, Zug, Paris, Rome and Stockholm.
Legal-Bay, The Pre Settlement Funding Company, announced today that they expect a global settlement to be reached in the landmark Johnson & Johnson Baby Powder Talc cases. It will be one of the largest mass tort settlements in U.S. history, costing J&J over $10 billion to resolve over 100,000 claims.
Three quarters of law firms would consider selling a percentage of their business to an external buyer, new research has revealed.
Gain, a comprehensive medical lien servicing and legal funding company with an artificial intelligence-powered platform, launched today. Previously, the company had been doing business as a variety of operating companies, including Cherokee Legal Holdings, Cherokee Funding and Gain Servicing. The rebrand is meant to streamline the companies and build efficiencies in order to serve as a centralized, AI-powered hub to those with medical lien servicing and legal funding needs.
Burford Capital, the leading global finance and asset management firm focused on law, today releases its latest Burford Quarterly, a journal of legal finance exploring the practical applications of legal finance across a broad spectrum of businesses.
LegalPay, India’s first and largest litigation funder and interim financier, has launched a feature that protects businesses against disputes arising from contracts paid for using its BNPL product.
Omni Bridgeway is pleased to announce the company’s continued European expansion with the addition of permanent operations in Milan, Italy, and welcomes Giacomo Serra Zanetti who joins as Investment Manager and Senior Legal Counsel.
LegalPay, India’s first tech-based interim financier and litigation funder for commercial litigations and arbitrations, has launched Super Senior investment-grade rated bonds worth ₹ 50 Crores for High Net-worth Indi
Canadian legal funding specialist BridgePoint Financial Services Inc. (“BridgePoint”) is pleased to announce the closing of a $10 million financing with Calgary-based Maurice Law, Canada’s first and only Indigenous-owned national law firm. The transaction is part of a broader financing program established by BridgePoint in association with Maurice Law to promote access to justice and to expedite the fair and just settlement of First Nations’ legal claims against Canada based on outstanding treaty obligations and other historic grievances.
Daniel Cavalcante is an experienced Brazilian lawyer, and seeks partners to structure partnerships in disputes involving indigenous and socio-environmental rights against large global companies that have business activities in Brazil.
Validity Finance, one of the largest private commercial litigation funders in the United States, today announced that it has been awarded Certified B Corporation™ (B Corp) status. This recognition acknowledges Validity’s accountability to its stakeholders, including employees, investors, clients, and the communities in which it operates. Since its founding, Validity has been a purpose-driven organization focused on funding meritorious litigation as a corrective measure for an unbalanced legal system, and its new B Corp status reflects this commitment.
Specialist disputes law firm Signature Litigation today announces the appointment of dispute resolution specialist Jérémie Fierville as Partner in their Paris office.
Legal-Bay, The Pre Settlement Funding Company, announced today that they are reopening funding for victims of sexual abuse in light of recent settlements in the McLaren sports facility and multiple Los Angeles detention center lawsuits.
Litigation Capital Management has released its Interim results for the half year ended 31 December 2022.
The International Legal Finance Association (ILFA), the only global association of commercial legal finance companies, today announced that Contingency Capital has joined the organization as its 20th member.
American litigation boutique Invenio LLP and emerging global legal consultancy Biztech Lawyers today announced the launch of their cross-border partnership that will now provide an even broader range of legal and strategic business advice to clients who are facing moments of emergence, crisis, or transformation, either as an organization or in navigating new asset classes or markets.
For many years, Airbus allegedly facilitated large-scale bribery and corruption in its aviation business. Airbus did not adequately inform the investing public about its wrongful conduct. Investigations by various authorities subsequently resulted in Airbus having to pay a fine of approximately € 3.6 billion (US$ 4 billion).
AIR Asset Management (“AIRAM”), a Chicago-based hedge fund management firm focused on investing in life settlements, annuities, and private credit, today announced its strategic partnership with Kerberos Capital Management (“Kerberos”), a leading private credit asset management firm that specializes in direct lending to law firms. The partnership enables AIRAM to enhance and further diversify its multi-strategy investment product through adding a legal finance asset allocation focused on law firm lending.
Litigation Capital Management Limited (AIM:LIT), an alternative asset manager specializing in dispute financing solutions internationally, announces positive progress on an investment forming part of its portfolio of direct investments.
LegalPay, India’s largest legal financier, has announced the exit of its commercial litigation financing SPV (Special Purpose Vehicle), delivering 27% IRR over a tenure of less than 2 years. LegalPay currently manages INR 2,500 crores in claims under management and looks to add additional INR 5,000 crores in calendar year 2023.
Winshear Gold Corp. (TSXV: WINS) (‘Winshear’, the ‘Company’, or the ‘Claimant’), formerly Helio Resource Corp., provides the following update on the dispute with the United Republic of Tanzania (“Tanzania”) which is the subject of arbitration through the International Centre for Settlement of Investments Disputes (“ICSID”), a member of the World Bank.
Validity Finance is pleased to announce the promotion of Michelle Eber to Director of Patent Investments and Sarah Williams to Director of Underwriting, effective immediately.
