News and analysis dedicated to the commercial litigation funding sector including regulatory issues, case developments, funding activities, and more.

The Following sponsored post was contributed by Segue Cloud Services.

The Challenge

Multi Funding USA is a pre-settlement finance provider that serves attorneys and their plaintiffs. The company has been serving clients for nearly a decade, providing millions of dollars in financial support in jurisdictions like New York, New Jersey, Connecticut, Vermont, Texas, California, Florida, and Washington. Through its pre-settlement funding services, plaintiffs can access much needed funds during the often lengthy settlement process as they wait for their cases to be resolved. When a case concludes in favor of the plaintiff, Multi Funding recoups its investment at a preferred rate of return.

Vannin Capital, the global expert in legal finance, has today announced the appointment of Pip Murphy and Tom McDonald as Regional Managing Directors of the Australasia region. 

Located in Vannin’s Melbourne and Sydney offices respectively, Pip and Tom will have joint responsibility for leading Vannin’s Australasian business and team, which includes Managing Directors Adam Silverman (commercial litigation and arbitration) and Steven Taylor (class actions and commercial litigation).

NEW YORK (APRIL 9, 2019) – Further growing its presence in the important Texas legal market, Validity Finance announced the arrival of Wendie Childress, who joins the firm as portfolio counsel in the company’s Houston office.

Augusta Ventures, which has been on a hiring binge lately, has brought on FTI Consulting’s Managing Director Leor Franks as its new Chief Marketing Officer.

Last Thursday, DealFlow Events held their first annual Litigation Funding Forum in New York City. Industry participants gathered at the TKP Conference Center in midtown Manhattan to network and discuss the most pressing issues facing the industry today.

The Center on Civil Justice at NYU School of Law has launched a comprehensive digital library of documents relating the third-party litigation funding industry.

LONDON and TEL AVIV – Monday 25^th March 2019, Woodsford Litigation Funding, the global provider of litigation financing solutions for businesses, individuals and law firms, has announced the opening of an office on Rothschild Boulevard in central Tel-Aviv.

Litigation Capital Management Limited (AIM:LIT) (LCM), a leading international provider of litigation financing solutions, announces that it has entered into a global cooperation agreement with a leading international law firm.

Jersey, Channel Islands, 25 March, 2019. Therium Group Holdings Limited, a leading global provider of litigation, arbitration and specialty legal finance, today announced that it has exceeded an important $1billion milestone of funds raised, following a latest fund raise of £325 million from three global institutional investors, including a sovereign wealth fund, to finance litigation and arbitration globally. It is Therium’s largest fund and follows the £200 million raised in February 2018.

Litigation funding is undeniably becoming a mainstream asset class with the market set to double in the next five years. This is the prediction from Dilip N Massand of Legal Ventures, a UAE based fund by Phoenix Advisors that specializes in emerging markets. It is backed by Dalma Capital, a leading alternative investment manager.

Loewinsohn Flegle Deary Simon is prosecuting a claim valued at $31m. We are raising $2.3m for return within 12 months, possible additional upside. $450k to close, balance on run rate 30 days net to trial.

The claimant is a single individual plaintiff who is a very credible former investment banker. Claimant is very knowledgeable and is committed to conclusion of the claim. One defendant is a large international financial institution and the second defendant is a highly liquid mortgage loan originator. Case documents are structured finance and real estate. Defendant’s counsel is a national general practice firm, lead defense counsel is 4-year partner. This is a complex financial claim, fact intensive, document case. Documents we hold support an opinion letter from a legal 500 firm at 80% chance of recovery. Damages are supported by preliminary economic expert and other case documents.

Litigation Capital Management Limited (AIM:LIT), a leading international provider of litigation financing solutions, announces that a settlement in principle has been reached in respect of one of its litigation projects.

MORIN-HEIGHTS, QC, March 12, 2019 /CNW Telbec/ – Capital Pro-Égaux Inc. (the “Company”) (NEX: CPE.H) announces that its wholly owned subsidiary, Technique d’usinage Sinlab Inc. (“Sinlab”), has entered into a Litigation Funding Agreement for the funding of expenses related to the professional negligence action for damages commenced in 2013 in Florida against Sinlab’s counsel who represented Sinlab in litigation in Virginia against certain entities who violated Sinlab’s pioneering digital dentistry patent portfolio (the “Litigation”).

Therium Group Holdings Limited, one of the world’s leading providers of litigation, arbitration and specialty legal finance, today announced the launch of Therium Access, which will provide not-for-profit litigation funding in order to facilitate access to justice.

SYDNEY, AUSTRALIA: 11 MARCH 2019:  Backed by Australia’s leading litigation funder, IMF Bentham Limited (ASX:IMF), thousands of Australian retirees, who lost everything after investing in a forestry scheme in the 1980s, will finally get their day in court against IOOF. The Supreme Court of NSW has scheduled the hearing over eight days from 1 July.

SYDNEY, 11 March 2019: Litigation Capital Management (“LCM” or “the Company”), a leading international provider of litigation financing solutions, announces its intention to commit A$100 million of capital into Australasian litigation finance projects during 2019.

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); David Spiegel (GLS Capital, LLC); Ken Epstein (Bentham IMF); and Evan Fried (Greybridge Capital LLC).

NEW YORK–(BUSINESS WIRE)–LexShares, a leader in commercial litigation finance, and GLG Law, a leader in expert witness services, today announced an exclusive new partnership under which they will offer their litigation support products to one another’s clients. Together, LexShares and GLG Law have worked with more than three quarters of the AmLaw 100 and are trusted partners of hundreds of law firms globally.