WestConnex Construction Claim Funded by Omni Bridgeway Australia
The Australian office of Omni Bridgeway has organized funding vehicles for land owners impacted by WestConnex roadway construction in Sydney. Read More…
The Australian office of Omni Bridgeway has organized funding vehicles for land owners impacted by WestConnex roadway construction in Sydney. Read More…
An Australian Federal Court has ruled that litigation finance agreements do not fall under rules regulating managed investment schemes under the Corporations Act of 2001. Many litigation finance scholars are…
Mastercard and Visa are no strangers to legal action, having endured class actions and legal challenges all over the world. Currently, a collective action funded by Bench Walk Advisors accuses the credit giant of illegally overcharging Multilateral Interchange Fees (MIFs) in the UK.
Six producers of big rigs have allegedly conspired in a 14-year scheme to defraud government regulators over emissions mandates. The Competition Appeal Tribunal has approved a £2B claim marking a historic first for United Kingdom collective actions. The Road Haulage Association (RHA) is representing an estimated 18,000 claimants as the beneficiaries of the hopeful award.
The following piece was contributed by Martin del Gallego and Matthew Harris of Australian law firm, Piper Alderman.
This article considers a recent decision of the Federal Court of Australia, awarding damages to class action claimants on an aggregate basis. Aggregate damages is a rare global award which covers all group members described or identified in the award. This was the first instance of aggregate damages being awarded to a funded litigant in Australia, and may spur a trend in representative claims brought on this basis.
Litigation Finance Journal has been covering the Sberbank CZ liquidation. New details are emerging regarding the liquidator’s intent to recover creditor losses. Sberbank CZ’s liquidator is trying to deliver on…
Novitas Loans made a 2021 announcement to freeze new loans servicing customer engagement of legal products and services. The franchise pivoted to new business with a focus on growing its…
The Law Society of Scotland shares a new debrief of the Post Office scandal. The story goes: When the Horizon computer system found over 736 sub-postmasters were allegedly grifting from…
Burford Capital is funding litigation exploration of a potential claim that alleges that some of the world’s largest electricity cable makers conspired to inflate cable prices in a fraud paid…
The Central Bank of Russia founded Sberbank in 1991. Traded on the Moscow Stock Exchange, Sberbank is Russia’s largest universal banking institution with ⅓ of all Russian assets flowing through…
In what might be the first time in the history of New York State published law, a New York Appeals Court has rejected relevance associated with discoverability of litigation funding…
The iconic Sears department store (which filed Chapter 11 bankruptcy protection in 2018), now known as Sears Holding Corporation, filed a motion to authorize a $35M litigation funding agreement in…
The United Kingdom’s Global Legal Action Network (GLAN) has teamed up with Bindmans LLP to challenge potential misuse of the Pegasus software platform. Pegasus operates as a spyware surveillance utility…
A standing order has been issued by Delaware’s Chief Judge, the Honorable Colm F. Connolly, calling for all cases under his supervision that engage third party investment to submit specific…
The state of Delaware is home to some of the world’s largest corporate entities. New designs to litigation funding agreements are beginning to include provisions for the losing parties’ financial…
Two wheeler Hero MotoCorp is an Indian cycle manufacturer whose assets may be seized by India-based litigation funder LegalPay. LegalPay has invested an undisclosed amount in the Brain Logistics claim. …
Bench Walk Advisers is the latest funder to take on the card issuers for their alleged malfeasance, funding a class action lawsuit for anti-competitive behavior. Read More…
A $300B damage award is serving as an example of shock verdicts driving the notion of social inflation. Preserving the ecosystem of litigation finance from shock verdicts is a priority…
Canada’s Supreme Court (SCC) issued historic guidance for First Nation Indian tribes, ruling that the Beaver Lake Nation’s “pressing needs” may include not having adequate capital for litigation. SCC’s ruling…
A recent NZ court of appeal ruling found that the director of Mainzeal traded on his company, which was technically insolvent for nearly a decade—yet caused no material loss to…
Kove IO (KIO) is initiating a likely contentious patent infringement litigation against Amazon Web Services (AWS). KIO has sued AWS with a complaint that alleges abuse of patent infringement as…
An update to a story LitigationFinanceJournal.com recently reported on: The case in the United Kingdom involving Cadney and their former client Peak Hotels & Resorts Limited has a new decision…
The nature of litigation calls for achieving marginal gains in the courtroom that add up to victory. So, when Google and Apple both lost individual judgements for ‘unfair tactical advantages’…
This week in the United Kingdom, a case is being heard involving the ligation powerhouse Cadney, regarding their former client Peak Hotels & Resorts Limited. The case involves Peak’s insolvency…
Steinhoff International Holdings NV recently settled the European Union’s second largest securities fraud claim, finalizing three years of complex contentious negotiations. Steinhoff, a Dutch firm with headquarters in South Africa,…
After three years of diligent negotiations, a GBP 1.4 billion settlement went into effect against Steinhoff International Holdings NV. This represents the second-largest settlement against a European company in a…
Levitt Robinson, class action lawyers leading the cases against Priceline and Hog’s Breath, estimate that it will take over $8 million to continue the Priceline case. The case is now…
Augusta Ventures is funding a lead poisoning class action that may include more than 100,000 Zambians. London human rights attorneys at Leigh Day have collaborated with South African Mbuyisa Molee…
After a seven year investigation, the European General Court upheld a $2.7B fine for Google’s breach of antitrust laws, for providing Google Shopping preference over competitors. Now the Swedish price…
Guo Wengui, a notable Chinese billionaire with close connections to Republican advisor Steve Bannon, has filed for Chapter 11 bankruptcy protections. Recently, a court ordered Wengui to pay $134M in…
Guo Wengui, a notable Chinese billionaire with close connections to Republican advisor Steve Bannon, has filed for Chapter 11 bankruptcy protections. Recently, a court ordered Wengui to pay $134M in…