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Delta Capital Partner Management Welcomes Prominent Plaintiff-Side Litigator to LEAD Underwriting and Due Diligence

By John Freund |

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.

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RORO CAR SHIPPERS FAIL IN THEIR ATTEMPT TO LAUNCH UK SUPREME COURT APPEAL OF CARTEL CLASS ACTION CERTIFICATION

By John Freund |

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.

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Fortress Management and Mubadala to Acquire Fortress Investment Group

By John Freund |

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.

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Legal-Bay Pre-Settlement Funding Announces California’s Possible $3 Billion Payout for Sexual Abuse Victims

By John Freund |

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.

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LEGALPAY LAUNCHES USD 3 MILLION FUND TO FACILITATE SPORTS DISPUTE RESOLUTION INDIA

By John Freund |

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.

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KBRA Assigns Preliminary Ratings to US Claims LFS Securitization 2023-A

By John Freund |

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.

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Burford Capital Reports Full Year 2022 Financial Results

By John Freund |

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.

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Burford Capital Expands European Footprint

By John Freund |

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.

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Gain Brand Launches, Commits to Leveling the Insurance Playing Field

By John Freund |

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.

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Litigation Funder LegalPay Launches Super-Senior Bonds for HNIs Worth ₹ 50 crores

By John Freund |

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 Individuals (HNIs). Investment-grade bonds have a lower risk of default and receive higher ratings from credit rating agencies.

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BridgePoint Financial closes $10 million funding to advance Indigenous legal claims

By John Freund |

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. 

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Validity Finance is First Commercial Litigation Funder to Achieve B Corp™ Certification

By John Freund |

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.

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Emerging Litigation and Corporate Boutiques Create Powerhouse Alliance

By John Freund |

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.

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Dutch class action progressing against Airbus relating to large-scale corruption and bribery

By John Freund |

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).

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AIR Asset Management Partners with Kerberos Capital Management to Add Legal Finance Allocation to its Multi-Strategy Product

By John Freund |

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. 

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LegalPay announces the exit of its First Litigation Financing SPV, generating more than 27% returns

By John Freund |

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. 

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Winshear Gold Commences Arbitration Proceedings Against the Government of Tanzania for the Expropriation of Its SMP Gold Project

By John Freund |

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.

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