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Australian Regulation of Litigation Funders

By John Freund |

AIM-listed Litigation Capital Management Limited (LCM), a leading international provider of disputes financing solutions, notes the announcement on 22 May 2020 by the Federal Treasurer of Australia, Josh Frydenberg, that litigation funders operating in Australia will be subject to new regulation requiring them to obtain and maintain an Australian Financial Services Licence (AFSL).

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UK Legal Industry Growth Slows As Covid-19 Impacts

By John Freund |

The UK Legal Industry generated revenues of £9.34bn in the first calendar quarter of 2020, down 6.6% on the final quarter of 2019. And while there are usually falls between Q4 and Q1 due to seasonal factors, the drop this quarter was the highest in four years, a full one percentage point greater than the drop in the same period in the prior year. The final weeks of March cover the period when Covid-19 was beginning to impact the economy.

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Litigation Finance News

Baker Street Funding Doubles-Down on Funding Efforts into Settled Cases to Help Create Immediate Liquidity for Attorneys and Their Clients Read more: http://www.digitaljournal.com/pr/4678997#ixzz6MHRUD7vR

By John Freund |

Baker Street Funding, LLC (Baker Street), a legal funding company located in New York and South Florida, is committing to increasing their litigation funding efforts on settled cases. This type of legal funding provides contingency fee based attorney and their clients with immediate liquidity to help bridge the gap between settlement and payment distribution.

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Legal-Bay Announces Increase in Commercial Litigation Requests Due to Covid-19

By John Freund |

CALDWELL, N.J.May 11, 2020 /PRNewswire/ — Legal-Bay LLC, the Lawsuit Settlement Funding Company, announced that they have launched a new legal funding division for commercial litigation, lawsuit loans or advances, and attorney loans for law firms. Commercial litigation cases can be extremely complex and require expansive resources for both plaintiffs and law firms to fight properly. Legal-Bay sees this as an under-served market and has built a new division to accommodate the needs of this market.

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Financial Poise™ Announces “Commercial Litigation Funding-101” a New Webinar Series Premiering May 12th at 1:00 PM CST through West LegalEdcenter™

By John Freund |

The first episode in this series is titled “An Introduction to a New Yet Old Funding Alternative” and is co-produced by West LegalEdCenter™. It will feature Jeremy Waitzman (Sugar Felsenthal Grais & Helsinger LLP); Dave Kerstein (Validity Finance LLC); Christopher Freeman (Burford Capital); Joel Cohen (Stout); and Jeffery Lula (GLS Capital, LLC).

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Balanced Bridge Ramps Up Funding Efforts to Help Plaintiffs & Attorneys Quickly Monetize Settled Cases

By John Freund |

Balanced Bridge Funding, LLC (“Balanced Bridge”), a specialty finance firm based outside Philadelphia, is ramping up their legal funding efforts to provide capital to plaintiffs and attorneys working on a contingency fee basis. Balanced Bridge’s post-settlement funding product is specifically designed to help bridge applicants from the time of settlement to final distribution of payment.

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TriMark Legal Funding Announces Extension of $3,500 Automatic-Approval Pre-Settlement Funding to Aid People Impacted by Coronavirus/COVID-19

By John Freund |

EUGENE, Ore.April 29, 2020 /PRNewswire-PRWeb/ — TriMark Legal Funding LLC, one of the nation’s leading pre-settlement funding companies since 2003, announced today that, due to overwhelming popularity, it has extended its financial relief initiative originally launched on March 24th to provide $3,500 in immediate cash assistance to people nationwide who are currently involved in civil lawsuits and have been negatively impacted by Coronavirus/COVID-19. No ending date has been set.

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Lex Mundi Publishes Interactive Global Attorney-Client Privilege Guide For General Counsel

By John Freund |

HOUSTONApril 28, 2020 /PRNewswire-PRWeb/ — Lex Mundi, in conjunction with members of the Lex Mundi Litigation, Arbitration and Dispute Resolution Group, has published the first-of-its kind interactive guide – Lex Mundi Global Attorney-Client Privilege Guide. This one-of-a kind guide allows users to compare common and civil law attorney-client privilege information for more than 65 jurisdictions around the world — all in a side-by-side customized report.

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USClaims Again Named Best Consumer Litigation Funding Provider

By John Freund |

DRB Financial Solutions, LLC, is pleased to announce that its subsidiary, USClaims (www.USClaims.com), America’s premier pre-settlement funding company, was recently chosen as America’s Best Consumer Litigation Funding Provider by the audience of Corporate Counsel, the leading national legal and business news publication for in-house counsel at global companies.

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BioCardia Announces Litigation Financing in the Case Captioned Boston Scientific Corp., et al., v. BioCardia Inc.

By John Freund |

SAN CARLOS, Calif., April 14, 2020 (GLOBE NEWSWIRE) — BioCardia, Inc. (Nasdaq: BCDA), a leader in the development of comprehensive solutions for cardiovascular regenerative therapies, today reported it has entered into an agreement for litigation financing which has been filed today with the Securities and Exchange Commission on Form 8-K.

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Financial Poise™ Announces “Commercial Litigation Funding-101” a New Webinar Series Premiering May 12th at 1:00 PM CST through West LegalEdcenter™

By John Freund |

The first episode in this series is titled “An Introduction to a New Yet Old Funding Alternative” and is co-produced by West LegalEdCenter™. It will feature Jeremy Waitzman (Sugar Felsenthal Grais & Helsinger LLP); Dave Kerstein (Validity Finance LLC); Christopher Freeman (Burford Capital); and Joel Cohen (Stout).

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Legal-Bay Lawsuit Funding Announces “Feed or Fund” Donation / Promotion to Feed Families in April

By John Freund |

CALDWELL, N.J.April 13, 2020 /PRNewswire/ — Legal-Bay, the nation’s leading lawsuit settlement funding company, announced today that they have committed to providing coronavirus relief with their new “feed or fund” program. Plaintiffs who may be seeking legal funding are now being given even more incentive to apply for a settlement loan with this latest unprecedented offer.

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Robert Capper Joins Ankura as Senior Managing Director, Bolstering Firm’s Complex Investigations Expertise

By John Freund |

NEW YORKApril 7, 2020 /PRNewswire/ — Ankura, a global business advisory and expert services firm, today announced its appointment of Robert Capper as Senior Managing Director. Based in London, Mr. Capper bolsters Ankura’s complex investigations capabilities for clients in Europe, the Middle East and Africa (EMEA), Asia and globally. A former member of the British Intelligence Services, Mr. Capper specializes in high-profile sovereign disputes and asset tracing, as well as fraud and white-collar crime investigations.

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Baker Street Funding Is Experiencing A 50% Increase In Lawsuit Funding Applications Due To COVID-19 Pandemic

By John Freund |

Baker Street Funding announced today as a result of the effects of the global pandemic, COVID-19 and because of the unprecedented global shutdown of business activities, many people (including people who depended on Baker Street Funding) do not have the opportunity to earn an income. Baker Street Funding has increased their funding applications by 50%.

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Stans Energy Signs Cooperation Agreement with Finance Providers

By John Freund |

TORONTO, ON / ACCESSWIRE / April 6, 2020 / Stans Energy Corp. (HRE.V)(HREEF) (“Stans” or the “Company”) is pleased to announce that it has entered into a Cooperation agreement with its Finance Providers to secure financing for the Award recognition and enforcement proceedings. This Agreement is an extension of the existing Litigation funding agreement of March 2018, and its main terms provide for the following:

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USClaims Again Named Best Consumer Litigation Funding Provider

By John Freund |

DELRAY BEACH, Fla.April 6, 2020 /PRNewswire/ — DRB Financial Solutions, LLC, is pleased to announce that its subsidiary, USClaims (www.USClaims.com), America’s premier pre-settlement funding company, was recently chosen as America’s “Best Consumer Litigation Funding Provider”  by the audience of Corporate Counsel, the leading national legal and business news publication for in-house counsel at global companies.

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Forbes Ventures Plc – Board Changes and Operational Update

By John Freund |

Forbes Ventures announces that Kirk Kashefi and Igor Zjalic have resigned as Non-executive Directors of the Company with immediate effect.  Additionally, Igor Zjalic has resigned as a director of Forbes’ subsidiary, Forbes Ventures Investment Management Limited.  The resignations of Kirk and Igor are by mutual consent and follow Forbes’ announcement of 2 March 2020, which confirmed that the Company’s future strategy would focus on the securitisation of litigation funding assets, via the establishment of a Securitisation Cell Company (SCC) in Malta.

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Delta Capital Partners Announces Liquidity Solutions for Law Firms, Businesses and Individual Claimants

By John Freund |

Chicago, IL, March 30, 2020 — Delta Capital Partners Management LLC (Delta), a private equity and advisory firm specializing in litigation and legal finance, today announced its ability to provide bespoke liquidity solutions to law firms, businesses, private investment funds, and individual claimants affected by recent macroeconomic developments, including those caused by the COVID-19 pandemic.

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