As Funders Dodge 40% Tax, Questions Remain
Litigation financiers have narrowly sidestepped what many saw as an existential threat: a 40 percent federal tax on funding profits that had been quietly tucked into the Senate’s sprawling reconciliation…
Litigation financiers have narrowly sidestepped what many saw as an existential threat: a 40 percent federal tax on funding profits that had been quietly tucked into the Senate’s sprawling reconciliation…
A Manhattan federal judge has handed Argentina a three-day reprieve in the long-running Petersen / Eton Park saga, pausing enforcement of a $16.1 billion judgment that would force the hand-over…
Fieldfisher has recruited litigation-funding specialist Verity Jackson-Grant to the newly created post of Head of Commercial Pricing, underscoring the firm’s intent to capitalize on sophisticated fee and finance structures in…
The insurance industry’s long-simmering feud with third-party litigation finance boiled over on Monday. In an article originally posted in the Wall Street Journal and covered in Insurance Business America, Chubb…
Burford Capital has once again reminded the debt markets that litigation finance is anything but niche. An article in PR Newswire reports that the New York- and London-listed funder upsized…
Omni Bridgeway has stepped in to bankroll a newly-filed Federal Court class action alleging that certain 2010-14 Toyota Corolla models suffer from a manufacturing defect that causes factory “040 white”…
Argentina’s legal team has fired its latest salvo in the long-running, Burford-backed YPF litigation, lodging two emergency briefs with U.S. District Judge Loretta Preska that seek to halt her 30…
Specialty managing general underwriter Palisade Insurance Partners has taken a significant step to scale its fast-growing contingent-legal-risk book, striking a delegated-authority agreement with Accredited Specialty Insurance Company. Including the Accredited…
China’s ballooning stock of non-performing loans (NPLs) has long frustrated mainland banks and asset-management companies eager to claw back value from defaulted borrowers scattered across multiple jurisdictions. In its newly…
Omni Bridgeway has sidestepped a potentially painful tax after President Trump signed the FY-25 Budget Bill without the much-debated levy on legal-finance proceeds. The Australian-listed funder, which bankrolls commercial claims…
Britain’s Civil Justice Council has recommended sweeping but flexible regulation to stabilise a litigation-funding market rattled by last year’s PACCAR ruling. In a 58-point report, the CJC calls for legislation…
Burford Capital returned to the bond market Monday with a private placement of 144A/Reg S senior notes due 2033, targeting US $400 million in proceeds. PR Newswire notes that the…
A unanimous Court of Appeal has delivered Britain’s litigation-funding industry its most decisive post-PACCAR victory to date, green-lighting the revised financing agreements that underpin multibillion-pound collective actions against Apple, Sony,…
Minority YPF shareholders Petersen Energia and Eton Park, bankrolled by Burford Capital, are chasing a U.S. $17 billion New York judgment against Argentina into the High Court of England and…
A pivotal UK court case could reshape the future of litigation finance agreements, as Sony and Apple reignite legal challenges to widely used third-party funding models in large-scale commercial disputes….
A Texas appeals court has ruled that a litigation funder cannot block attorneys from pursuing a fee dispute following a remand order, reinforcing the limited standing of funders in fee-shifting…
In a significant policy shift, Oklahoma has enacted legislation targeting foreign influence in its judicial system through third-party litigation funding. Signed into law by Governor Kevin Stitt, the two-pronged legislation…
A new opinion piece pushes back against recent cultural and political rhetoric characterizing third-party litigation funding as a partisan instrument, arguing instead that it remains a neutral financial tool in…
A recent opinion piece in The Wall Street Journal advocates for closing tax loopholes that allow foreign investment funds to avoid U.S. taxes on profits earned from financing lawsuits against…
Backlit Capital Solutions has announced the launch of its full-service legal finance consultancy. The firm aims to provide comprehensive funding solutions for legal claims, offering services that include litigation finance,…
In a significant decision reinforcing the enforceability of international arbitration awards, the U.S. Supreme Court has reinstated a $500 million award in a dispute between two Indian companies. An article…
In a landmark resolution, Spain has agreed to pay €32 million ($37 million) to U.S.-based Blasket Renewable Investments, marking its first compliance with an international arbitration award stemming from the…
In a closely watched decision, a federal judge has denied Apple’s attempt to compel Haptic Inc. to turn over litigation funding records in an ongoing patent infringement case. According to Bloomberg…
A new report from the Insurance Information Institute (Triple-I) is drawing attention to the growing intersection between third-party litigation funding, mass tort advertising, and rising insurance costs. The report argues…
A U.S. bankruptcy judge has approved Steward Health Care System’s request to obtain a $127 million loan to fund litigation against its former executives and insiders. The embattled hospital operator,…
In the six months since the Civil Justice Council published its Interim Report and Consultation on litigation funding, the industry has waited patiently to see what shape its final recommendations…
Apart from the standard funding of individual cases and portfolio funding, recent years have demonstrated an increasing trend of more direct investment into law firms from third-party funds. An article…
Another busy week for class action funding in Australia, as a significant settlement in a class action brought against a superannuation fund has made headlines. Reporting by Financial Standard covers…
With the UK funding industry awaiting the outcome of the Civil Justice Council’s review of third-party litigation funding, most of the commentary about what direction the government should take has…
Litigation funding startups are a common occurrence, especially in recent years. However, the rebranding of an established funder is less common, yet worth keeping an eye on. In a new…