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Litigation Funder Validity Finance Raises New Managed Fund of $70 Million to Commit Alongside Permanent Capital Base

By John Freund |

With demand for litigation finance continuing to grow among businesses of all sizes, leading dispute funder Validity Finance reports it has raised a new managed fund of $70 million in capital commitments. The newly raised “sidecar” fund further diversifies Validity’s business and advances its experience as an alternative asset manager.  To date, Validity’s third-party managed funds total nearly $150 million of assets under management, in addition to its permanent capital base.

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GetSwift Discloses Details of Proposed Settlement of Australian Class Action

By John Freund |

GetSwift Technologies Limited (NEO:GSW) (“GetSwift” or the “Company”), a leading provider of last mile SaaS logistics technology, today as a result of market regulatory requirements announced that has disclosed details of its previously announced Heads of Agreement (HOA) for a settlement with law firm Phi Finney McDonald and Therium Capital Management (Australia) Pty Ltd. and Mr. Raffaele Webb (the “Applicant“) in connection with the class action proceedings before the Federal Court of Australia (the “Court“).

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Kerberos Capital Management Announces World’s First ESG-Linked Debt Product for Litigation Finance Markets

By John Freund |

Kerberos Capital Management announced today the introduction of a groundbreaking new direct lending product to law firms with a margin ratchet linked to ESG targets – the first debt product of its kind in Litigation Finance markets. The program is intended both to recognize and reward firms that have already established a commitment to advancing ESG factors in their work, and to incentivize qualifying firms to continue those efforts into the future.

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Longford Capital Raises $682 Million for New Investment Fund

By John Freund |

Longford Capital Management, LP, a leader in commercial litigation finance, announced the final closing of its most recent fund (including a parallel fund, “Fund III”), at $682 million.  Longford’s assets under management now exceed $1.2 billion, placing it among the largest private equity firms focused on investments in legal assets.  Fund III is the third private investment fund Longford has closed since the firm began operating in 2013.

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Litigation financing start-up LegalPay’s maiden fund oversubscribed

By John Freund |

LegalPay, a start-up focused on third-party litigation finance, has announced the successful closure of its maiden litigation fund. The Arbitration Focused SPV I, a smaller ticket special purpose vehicle (SPV), designed for upper-retail investors, was launched last month, and has now been oversubscribed, a LegalPay statement said.

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Pretium Launches Legal Investment Group

By John Freund |

Pretium, a specialized investment management firm with more than $26 billion in assets, today announced that it has established a legal opportunities investment team. Pretium’s legal opportunities team will work with corporations and law firms to identify and invest in legal and commercial opportunities where its team has deep knowledge and experience and that offer attractive return potential for investors.  Areas of investment will include high value complex disputes between businesses, arbitrations, antitrust, patent and intellectual property, bankruptcy, distressed debt and insolvency and monetization of judgments and awards.  Pretium will not be investing in consumer litigation finance.

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Guido Demarco, new Director & Head of Legal Assets of Stonward Litigation Funding

By John Freund |

Stonward Litgation Funding, boutique specialized in offering bespoke solutions to finance litigation both in Europe and the Americas, has a new director and Head of Legal Assets: Guido Demarco, a legal expert with extensive experience in debt restructuring (private and sovereign), NPL strategies and legal, banking and financial project management.

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Investor Group Led By Litigation Funder Drumcliffe Acquires Additional Equity Stake in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX)

By John Freund |

An investor group led by asset recovery funder Drumcliffe LLC has purchased 1,138,245 shares in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) (“Odyssey”), from Epsilon Acquisitions LLC in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended.

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$wLITI lists on Changelly PRO, on the heels of HitBTC and Bitcoin.com listings

By John Freund |

Liti Capital’s wLITI token, a wrapped version of the Swiss company’s LITI equity token, lists on Changelly PRO$wLITI pairs with BTC and USDT are now available for trading. This comes less than a week after listing on Bitcoin.com Exchange and less than two weeks on HitBTC. The Changelly PRO team has expressed their warm welcome to the litigation financing token.

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Burford Capital Update On Business Performance And Potential US GAAP Conversion

By John Freund |

Burford Capital Limited, the leading global finance and asset management firm focused on law, today released the following statement on its performance for the six months ended June 30, 2021 and on matters relating to its potential conversion to US GAAP. Burford is scheduled to release its interim results on September 9, 2021. All figures in this disclosure are unaudited and presented on a Burford-only basis, unless otherwise stated. Certain definitions are provided below; additional definitions, reconciliations and information are set out in Burford’s 2020 annual report, available at www.burfordcapital.com.

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Legal-Bay Lawsuit Funding Announces Roundup Litigation Settlements Still Have No Definitive Timeframe

By John Freund |

Legal-Bay, The Presettlement Funding Company, reports that Bayer is reassessing its efforts to settle the numerous lawsuits they are facing due to their Roundup brand weed killer. It is estimated that 30,000 plaintiffs still have outstanding suits against Monsanto (a subsidiary of Bayer), claiming the company’s product is directly responsible for making them sick.  Certain cancers are alleged to have been caused by the glyphosate-based herbicide including non Hodgkin lymphoma.

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BCCE Announces $12 Million Funding Round

By John Freund |

Bank Cartel Claims Europe (BCCE), a joint-venture of law firm Grantley Sinclair LLP and litigation finance firm Commercial Damages Claims Limited today announced a $12M funding round for its dedicated litigation finance fund, the Bank Cartel Claims Fund (BCCF), providing institutional and individual investors the ability to access a portfolio of litigation-related assets through a single fund allocation.

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Liti Capital Token wLITI Lists on HitBTC, Bringing Litigation Financing to the Masses

By John Freund |

Liti Capital, the Swiss-based litigation financing company that has made private equity investing accessible to everyone through blockchain technology, has listed its wLITI token for the first time on a centralized exchange (CEX) – HitBTC. wLITI’s first CEX listing follows its recent listings on decentralized exchanges (DEXes) Uniswap and 1Inch Exchange.

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Legal-Bay Lawsuit Funding Enters Attorney Funding Market with Law Firm Loans Up to $25MM

By John Freund |

Legal-Bay, The Pre Settlement Lawsuit Funding Company, announced today that they are now assisting a large number of attorneys with their funding needs. The premier lawsuit funding company is currently working with lawyers and law firms, generating a renewed focus on cash flow needs that may have arisen due to Covid-19 shutdowns and a severely slowed court system.

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Leading disruptor in civil litigation finds capital solution to drive unprecedented growth

By John Freund |

PURE Business Group (PURE), the multi-discipline legal services business, has today announced a new £multi-million funding facility with Sandfield Capital. PURE, which currently handles over 12,000 new instructions each year, hopes that this move will dramatically accelerate its ability to develop record numbers of cases over the next few years.

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Legal-Bay Lawsuit Funding Announces Increased Funding for Personal Injury Cases

By John Freund |

Legal-Bay, The Pre Settlement Funding Company, announced today that they are preparing their underwriters for an increase in personal injury applications over the coming months. The first half of 2021 saw an unprecedented number of claims filed, and now that summer is well underway with crowds of people getting out and about, they expect to see even more.

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Liti Capital Announces New $5 Million Investment to Acquire New Assets

By John Freund |

Liti Capital SA , the blockchain litigation finance company, announces an investment of $5 Million. This $5m will be used to purchase assets worth up to a potential $50m. Of the initial private raise of $12m, $10m was used to secure assets worth up to $100m of potential asset value. Once this new $5m is deployed in an asset purchase, the combined $150m potential value dwarfs the current market cap of $25m. Those assets are what back the LITI equity token.

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Legal-Bay Lawsuit Funding Raises Over $2MM with Joint Venture Partner to Fund Personal Injury Claims

By John Freund |

Legal-Bay Pre Settlement Funding reports an expansion to their capital needs now that funding applications are on the rise. The entire legal system had practically ground to a halt due to Covid-19, which caused massive delays in the courts. But now that life is starting to return to normal, backlogged dockets are being addressed. With renewed activity, Legal-Bay is seeing an increase in applications for settlement funding.

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Liti Capital Announces Identifying Information of Their First Crypto Con Artist

By John Freund |
Geneva, Switzerland – June 29, 2021  Liti Capital SA, a Swiss Litigation Finance company, has just found and identified the perpetrator of a cryptocurrency scam. This comes days after their commitment to push back against fraud in the crypto community and help create a safe atmosphere for innovation and investment moving forward. By tokenizing their equity, Liti Capital introduces litigation finance to the blockchain, providing retail investors with a new asset class and giving them the opportunity to fight back against crypto criminals.
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New Research: CFOs Increasingly Aware Of Commercial Litigation Assets And Poised To Unlock More Value From Legal

By John Freund |

Burford Capital, the leading global finance and asset management firm focused on law, today releases new independent research probing how CFOs and senior financial officers influence corporate legal departments, legal spend and their companies’ success in recovering value through affirmative recoveries.

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