Announcements

Stay informed with updates and key industry developments shaping the global finance litigation landscape.

Announcements

699 Articles

Leading Dispute Financiers IMF Bentham and Omni Bridgeway Announce Plans to Merge

By John Freund |

SYDNEY (October 15 2019)  Leading litigation and disputes funder IMF Bentham Limited (IMF Bentham) (ASX:IMF) announces that it is acquiring Omni Bridgeway Holdings BV (Omni Bridgeway) to create a truly global diversified funder with over A$2.2 billion in capital to fund disputes and enforcement proceedings of significant size and complexity throughout the world.

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Woodsford Litigation Funding continues its significant expansion with three key London hires and continued international recruitment drive

By John Freund |

LONDON 14 October 2019, Woodsford Litigation Funding, the global provider of litigation financing solutions for businesses, individuals and law firms, has announced further expansion of its international executive team with the appointment of Adam Erusalimsky to the position of Senior Investment Officer, Alex Hickson as Investment Officer and Daniel Littman as Commercial Manager. All three will be based at Woodsford’s London HQ.

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Baker Street Funding Secures $30 Million for New Attorney Focused Fund

By John Freund |

NEW YORK, NY / ACCESSWIRE / September 23, 2019 / A leading pre-settlement funding provider, Baker Street Funding LLC, announced today the closing of a series A round of investment into their Attorney Funding Division. Founded in 2018, Baker Street Funding has quickly become a rising star in the legal funding space and their core business model is to provide plaintiffs with much needed liquidity while their case is awaiting settlement. The newly named Attorney Funding Division will provide Attorney Funding to law practitioners across the country.

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Westfleet Advisors Adds Federal Prosecutor and Litigation Finance Veteran To Growing Executive Team

By John Freund |

NASHVILLE, October 10, 2019—Westfleet Advisors, the leading U.S. litigation finance advisory firm, announced today that it has expanded its executive team with the additions of Barry Kamar and Michael Perich, both as Vice President and Legal Counsel. Mr. Kamar was most recently an Assistant United States Attorney (AUSA) in New Jersey. Mr. Perich joins Westfleet from AmLaw 200 law firm, Ice Miller.

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Debut Of Litigation Finance Firm BlueWhite Legal Capital Marks Latest Jules Kroll Venture, Leveraging Decades Of Legal And Business Success

By John Freund |

NEW YORKOct. 7, 2019 /PRNewswire/ — BlueWhite Legal Capital (“BlueWhite” or “the Company”), a privately-held litigation finance firm led by Jules KrollAaron RubinsteinEarl Doppelt, and Jack Blackburn – all prominent business, legal and finance professionals – today announced its official company launch.

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Financial Poise™ Announces “Ethical Problems Associated with Paying for Litigation,” a New Webinar Premiering October 16th at 1:00 PM CST through West LegalEdcenter™

By John Freund |
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Bryant Park Capital Arranges $104.5 Million in Capital for Legis Finance

By John Freund |

NEW YORK, NY / ACCESSWIRE / September 23, 2019 / Bryant Park Capital (“BPC”), a leading middle market investment bank, announced today that Legis Finance Ltd. (“Legis” or the “Company”) recently closed on a $104.5 million capital raise transaction with a global investment management firm. This financing adds to its current insurance and merchant banking capacity, and gives the Company a long-term capital partner to finance operations and originations.

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Modeso LLC Announces New Senior Credit Facility

By John Freund |

KATONAH, NY / ACCESSWIRE / October 1, 2019 / Modeso LLC dba RapidFunds (“RapidFunds” or the “Company”) announced today that it has closed on a $70 million term loan facility, consisting of a $40 million delayed draw term loan and $30 million accordion feature, with a multi-billion dollar institutional investment firm. This financing provides the Company a long-term capital partner to enable RapidFunds to grow its business and expand its network of law firm relationships.

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The Association of Litigation Funders of England and Wales appoints Susan Dunn as Chair

By John Freund |

London 2 October 2019: The Association of Litigation Funders of England & Wales (“the ALF”) today announced the appointment of Susan Dunn as Chair at the ALF’s Annual General Meeting. Susan Dunn currently serves as a Director of the ALF and succeeds Leslie Perrin, following his expression of a desire to stand down this year after serving as Chair for almost 8 years.

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Multi Funding USA Earns NMLS Certification

By John Freund |

Woodstock, NY—September 24, 2019 — Multi Funding USA, a leading pre-settlement funding provider serving law firms and attorneys, announced that it has received NMLS  (Nationwide Mortgage Licensing System and Registry) certification, indicating that the company has the financial resources and security protocols to satisfy the needs of lawyers and plaintiffs. Applying for NMLS certification is completely voluntary. Only a select group of litigation finance providers have applied and received NMLS designation.

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Validity Finance Adds Experienced Dispute Funder Ronit Cohen to Investment Team, Secures Additional $50 Million in Capital Commitments

By John Freund |

NEW YORK (September 18, 2019) – Litigation funder Validity Finance continues to build its U.S. investment team while expanding its capital base. The firm announced the arrival of Ronit Cohen, who joins Validity as portfolio counsel. A former trial lawyer who practiced at Simpson Thacher & Bartlett and O’Melveny, Ms. Cohen transitioned to litigation finance in 2012 and spent the past seven years as an investment professional at Bentham IMF.

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ROSEN, A NATIONALLY RANKED LAW FIRM, Reminds Burford Capital Limited Investors of Important Deadline in Securities Class Action First Filed by the Firm; Encourages Investors with Losses over $100K to Contact the Firm – BRFRF, BRFRY

By John Freund |

NEW YORK, Sept. 10, 2019 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Burford Capital Limited (OTC: BRFRF, BRFRY) from March 18, 2015 through August 7, 2019, inclusive (the “Class Period”) of the important October 21, 2019 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for Burford investors under the federal securities laws.

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Legal-Bay Announces that PG&E has Established a $105MM Fund to Pay for Negligence Claims in California Wildfires

By John Freund |

PARADISE, Calif.Sept. 9, 2019 /PRNewswire/ — Legal Bay Lawsuit Funding reports that as of last month, residents of northern California who have been displaced by the 2017 wildfires and 2018 Camp Fire can apply for aid through the Wildfire Assistance Program. The $105 million fund was approved by the judge during PG&E’s Chapter 11 case, and will be made available via the company’s cash reserves. It is intended to help the uninsured and/or anyone who needs financial assistance with housing costs or even daily living expenses while they rebuild their lives. Applications for funding are now open.

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EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against Burford Capital Limited

By John Freund |

NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Burford Capital Limited (OTC: BRFRF, BRFRY) from March 18, 2015 through August 7, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Burford investors under the federal securities laws.

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Second Annual Litigation Finance Dealmakers Forum to Be Held on September 18-19 in New York City

By John Freund |

NEW YORK–(BUSINESS WIRE)– Premier Event in Litigation Finance to Feature Innovative Program, One-to-One Meetings, Industry Leaders, and Keynote Speaker Stephen Susman

Amid continued growth and developments in the litigation finance market, the leading companies and executives in the industry will convene at the Second Annual LF Dealmakers Forum to be held in New York on September 18-19. The keynote speaker will be Stephen Susman, one of the nation’s top trial lawyers and founder of Susman Godfrey, a nationally recognized firm specializing in high stakes litigation.

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Legal-Bay Opens Nationwide Commercial Litigation Funding Division

By John Freund |

LOS ANGELESAug. 20, 2019 /PRNewswire/ — Legal-Bay LLC, the Lawsuit Settlement Funding Company, announced that they have launched a new lawsuit finance 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. Legal-Bay feels this is an under-served market and plans to build a new division to accommodate the needs in the market.

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Supreme Court of Canada agrees to hear an appeal in a case funded by Bentham IMF involving lawsuit against Callidus Capital Corporation

By John Freund |

Bentham IMF Capital Limited (Bentham) is pleased to announce that the Supreme Court of Canada (SCC) has agreed to hear an appeal in a matter that Bentham is funding. As a result, Canada’s highest court will hear arguments for the first time relating to the important role of modern litigation funding in providing access to justice for parties, including those who are insolvent or bankrupt.

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Comprehensive Report on Litigation Funding and Expenses Market 2019-2025

By John Freund |

This report studies the Litigation Funding and Expenses Market size by players, regions, product types and end industries, history data 2019-2026 and forecast data 2019-2026; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.

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ROSEN, A TOP RANKED LAW FIRM: Updates Investigation of Securities Claims Against Burford Capital Limited

By John Freund |

NEW YORK, NY / ACCESSWIRE / August 12, 2019 / Rosen Law Firm, a global investor rights law firm, issues this update on its continuing investigation of potential securities claims on behalf of shareholders of Burford Capital Limited (OTC PINK:BRFRF)(OTC PINK:BRFRY) resulting from allegations that Burford Capital may have issued materially misleading business information to the investing public.

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