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Global litigation funder Omni Bridgeway offers funding to Folli Follie Bondholders

By John Freund |

To current and past holders of the CHF 150 million 3.25% 2017-2021 bonds Issued by FF Group Finance Luxembourg II SA Guaranteed by Folli Follie ISIN CH0385518052. This offer for litigation funding does not purport to be complete and is qualified in its entirety by reference to the terms of a Claims Purchase Agreement, a Claims Assignment Agreement and a Litigation Funding Agreement.

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Burford Capital announces closing of private offering of senior notes

By John Freund |
Burford Capital Limited (“Burford” or “Burford Capital”), the leading global finance and asset management firm focused on law, today announces the closing on April 5, 2021 of the private offering of $400 million aggregate principal amount of 6.25% senior notes due 2028 (the “Notes”) by its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC. The Notes are guaranteed on a senior unsecured basis by Burford Capital as well as Burford Capital Finance LLC and Burford Capital PLC, both indirect, wholly owned subsidiaries of Burford Capital (such guarantees, together with the Notes, the “Securities”).

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Augusta Ventures funds Which? in landmark collective action against Qualcomm

By John Freund |

Augusta Ventures, the largest litigation and dispute funding institution in the UK by volume of cases, has provided financing to help the Consumers’ Association (known as Which?) launch an opt-out collective claim, litigated by Hausfeld, against Qualcomm, Inc. for over £480 million, on behalf of a class of around 29 million UK consumers.

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Siltstone Capital Raises Initial Litigation Finance Fund

By John Freund |

Siltstone Capital, LLC (“Siltstone”), a Houston, Texas based investment and advisory firm, announced the successful closing of Siltstone Capital Litigation Fund, L.P. (the “Fund”). Siltstone, through its affiliate Litigo Financial, LLC (“Litigo”), will invest in commercial litigation across the United States, and welcomes the opportunity to provide capital to litigants to pursue their claims fully. The Fund will focus on commercial litigation, with a unique focus on energy and patent litigation.

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Exton Advisors launches ‘special situations’ disputes finance service

By John Freund |

Exton Advisors, a leading financial advisory firm in litigation, is launching a unique range of ‘special situations’ services designed to help companies look at their disputes in an entirely new way. The move is in response to the increasing economic uncertainty brought about by the global pandemic and sees the firm creating a range of advisory service lines designed to help corporates and their legal teams find the right funding products to support their litigation and unlock potential working capital at a critical time.

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KBRA Assigns Preliminary Rating to Oasis 2021-1

By John Freund |

Kroll Bond Rating Agency (KBRA) assigns a preliminary rating to one class of notes issued by Oasis 2021-1 LLC (“Oasis 2021-1”). The notes are newly issued asset backed securities (ABS) backed by litigation finance receivables. Oasis 2021-1 represents the third ABS collateralized by litigation finance receivables to be sponsored by Oasis Intermediate Holdco, LLC (“Oasis”) and the first to include Oasis’ MedPort-branded (“MedPort”) medical lien receivables.

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BURFORD CAPITAL PROVIDES 2020 BUSINESS UPDATE AND REINSTATES FULL DIVIDEND

By John Freund |

Burford Capital Limited, the leading global finance and asset management firm focused on law, today released a business update on its 2020 activities. All figures in this disclosure are unaudited. Certain definitions are provided below; additional definitions, reconciliations and information are set out in Burford’s 2020 Interim Report, which is available on our website at the following address: www.burfordcapital.com/shareholders. As previously disclosed, Burford will announce full preliminary results for the year ended December 31, 2020 on March 24, 2021 at 08.00am EDT / 12.00pm GMT / 1.00pm CET.

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GLS Capital Co-Founders Named to IAM’s Strategy 300 Global Leader List for 2021 Read more: http://www.digitaljournal.com/pr/4970832#ixzz6mDg8sx9I

By John Freund |

GLS Capital operates one of the world’s largest private investment firms focused on litigation finance. The GLS team is comprised of investment professionals that provide financial solutions for complex legal matters, specializing in commercial litigation, arbitration, law firm financing and patent infringement litigation, including Hatch-Waxman litigation.

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Apex Litigation Finance report positive market adoption of non-recourse litigation for lower value claims in its first year

By John Freund |
Apex Litigation Finance have announced a successful first calendar year of providing litigation funding targeted at small to medium sized claims. The firm reports positive acceptance of its innovative non-recourse funding model from the legal sector and both individual and corporate litigants.

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Sandfield Capital launches to re-imagine the future of legal finance

By John Freund |

New investment fund Sandfield Capital has launched this week to tackle an increasingly challenging area of litigation that remains poorly served by the market. Steven D’Ambrosio, a former Finance Director at Close Brothers Premium Finance, has conceived and built a number of highly-successful ventures in the financial and legal sectors and remains extremely passionate about creating and tailoring funding solutions. Now, with Sandfield Capital, he hopes to enable real change in the sector for the good of those struggling to engage with legal services.

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Grant Farrar, Founder of Arran Capital, Discusses Litigation Funding for Public Sector Entities

By John Freund |

On a recent episode of the Litigation Finance Podcast, Grant Farrar of Arran Capital discussed his firm’s value proposition as the only litigation funder focused solely on public sector financing. Grant explains why public sector funding merits its own categorization, what the sticking points are in convincing politicians and others of litigation funding’s value, and what his expectations are for future growth in this rapidly-evolving space.

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$2.47 Billion of Capital Deployed Last Year Across U.S. Commercial Litigation Finance Industry, As Growing Sector Weathers Pandemic Storm

By John Freund |

The number of litigation finance providers in the United States, their assets under management (AUM), and the dollars they committed to new financing deals, all grew over the last year, according to a new report from litigation finance advisory firm, Westfleet Advisors. According to The Westfleet Insider: 2020 Litigation Finance Market Report, between June 2019 and June 2020, 46 active funders managed a combined $11.3 billion in assets allocated to US commercial litigation investments, an 18% increase from the previous year. Despite the onset of a global pandemic and resulting disruption to the justice system, the total dollars committed to new investments by funders also grew by 6% – to $2.47 billion.

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Litigation Finance News

Litigation Finance Journal to Host Digital Conference: “Investor Insights into Litigation Funding”

By John Freund |

An upcoming digital conference hosted by LFJ promises to uncover how LPs and institutional investors think about their Litigation Finance investments. The February 4th conference begins at 11 am EST, and will feature a panel discussion, Q&A with attendees, and a keynote speech from Charles Agee of Westfleet Advisors.

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Tribeca Capital Group, LLC Announces Expansion for New Year 2021 Mass Tort Initiative

By John Freund |

Litigation Funding leader Tribeca Capital Group, LLC, is pleased to announce its New Year 2021 Mass Tort initiative to offer financial relief to victims of defective surgical implants, unsafe medications, or institutions that protected sexual predators. These mass torts include the over-the-counter heartburn medication Zantac, medical device placement surgeries for hernia mesh and inferior vena cava (IVC) filters, and sexual abuse by leaders and others associated with the Boy Scouts of America organization. Tribeca has formed a dedicated team to assist victims who are asserting claims against the corporations and groups in whom they placed their trust but ended up wreaking havoc in their lives.

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Multi Funding USA is Named Exclusive Litigation Finance Provider for TrialSchool.org

By John Freund |

Multi Funding USA, a leading provider of pre-settlement funding serving law firms and attorneys, has been named the exclusive litigation funding partner for TrialSchool.org (Trial School), a not-for-profit trial advocacy training for lawyers who represent individuals and families. Multi Funding USA is a Platinum Sponsor for Trial School and will offer cloud-based litigation finance services to Trial School’s extensive client base of law firms and attorneys across the United States.

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Odyssey Marine Exploration Prepared for Strong 2021 with Increased NAFTA Funding and 2020 Successes

By John Freund |

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a deep-ocean exploration pioneer engaged in the discovery, development and extraction of deep-ocean minerals, has secured up to an additional $10 million to support its pending North American Free Trade Agreement (NAFTA) claim against Mexico and provided an update on the successful execution of Odyssey’s 2020 business plan objectives.

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International Legal Finance Association Statement On Australian Parliamentary Committee Inquiry On Litigation Funding

By John Freund |

Today, the International Legal Finance Association (ILFA) — the global voice of the commercial legal finance industry — issued a statement in response to Australia’s Parliamentary Joint Committee on Corporations and Financial Services Inquiry on Litigation Funding and the Regulation of the Class Action Industry. The Committee issued its findings and recommendations to the full Parliament today.

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Therium’s Financial Commitments To Access To Justice Causes Surpass £1.7m

By John Freund |

Jersey, 15th December 2020Therium Access, the not-for-profit arm of global litigation funder Therium Capital Management, has announced the recipients of its latest grant round. The Autumn 2020 grants have been awarded to six organisations and brings the total number of organisations receiving grants to 32 with over £1.7m committed since its inception in 2019.

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