News and analysis dedicated to the commercial litigation funding sector including regulatory issues, case developments, funding activities, and more.
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Federal Court of Australia makes first aggregate damages award in a funded representative proceeding in Toyota Class Action
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.
Validity Finance Expands into California with Addition of Former Covington & Burling Litigator Mark Chen and Several Distinguished Advisors
Leading litigation funder Validity Finance announced it has expanded to California, adding experienced litigator Mark Chen as portfolio counsel in Los Angeles. Mr. Chen was previously special counsel with Covington & Burling in LA, representing clients in complex commercial disputes, including major intellectual property cases in the entertainment sector. In his new role, he will help assess Validity’s funding opportunities with law firms and businesses in Southern California and the West Coast.
Bloomberg Law on Historic ‘Secondary Deal Fund’ Landing $750M
Bloomberg Law profiles Ashley Keller and Adam Gerchen as serial law entrepreneurs who have now raised $750M to fund the first secondary transaction litigation fund. Six years ago, Mr. Keller and Mr. Gerchen made headlines by selling their litigation finance firm for upwards of $160M to Burford Capital. Bloomberg Law reports that the secondary deal landscape for litigation finance is in its infancy. News of Keller and Gerchen’s new secondary market fund (under the banner of Gerchen Capital Partners) is being viewed as a signal of the maturing nature of litigation investment broadly.
Podcast: The American Bar Association Promotes ‘Financing the Good Fight’
The American Bar Association’s Commercial and Business Litigation Committee recently conducted a podcast interview featuring former federal prosecutor Kenneth Harmon and former litigation attorney Giugi Carminati, who discussed litigation finance and the wide range of benefits associated.
The 5 Most Popular Episodes of the Litigation Finance Podcast
The Litigation Finance Podcast features guests from across the global commercial and consumer litigation funding landscapes. With over 60 podcasts spanning five years of archives, we thought it would be interesting to take a look at the five top podcasts in terms of viewer traffic.
Key Takeaways From LFJ’s Podcast With Erik Bomans, CEO and Executive Board Member of Deminor
On the latest episode of the LFJ Podcast, we spoke with Erik Bomans, CEO and Executive Board Member of Deminor. Mr. Bomans discussed recent developments and trends in litigation funding in continental Europe, including what the total addressable market looks like and how that is expected to grow over time, how country-specific jurisdictions are differentiated, some of the main barriers to investing in litigation funding in Europe, and how the regulatory environment across the continent can actually be a benefit to funders.
State Governments vs. Funded Energy Litigation
The International Comparative Legal Guide (ICLG) reports that at London’s International Disputes Week attorneys discussed the complicated intricacies of State-investor energy litigation. State governments are becoming more aggressive in entertaining…
Insolvency Funding in France
French insolvency proceedings have unique opportunities, according to Insolvency and Restructuring International. Third party funders can be engaged to help companies navigate insolvency proceedings. Oftentimes, French third party funders help…
