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Commercial Regulatory Issues

Is the Supreme Court ruling in PACCAR really clashing with the Litigation Finance industry? An overview of the PACCAR decision and its potential effects

By John Freund |
The following is a contributed article from Ana Carolina Salomão, Micaela Ossio Maguiña and Sarah Voulaz of Pogust Goodhead.  On 26 September 2023, a new case was filed in the High Court of England and Wales on behalf of a claimant who, despite having received damages from a successful lawsuit, refused to pay litigation funders for funding previously sought. Legal representatives of the Claimants in this case are seeking a declaration from the Court that the clients’ LFAs “fall under the PACCAR regime as non-compliant DBAs” and have added that in reaching its decision in R (on the application of PACCAR Inc & Ors) v Competition Appeal Tribunal & Ors [2023] UKSC 28 (“PACCAR”), the Supreme Court has recognised “the importance of statutory protections for clients.” Is this the case?
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Announcements Commercial

Legal-Bay Lawsuit Settlement Funding Launches New Site for Commercial Litigation Loans

By John Freund |
Legal-Bay LLC, The Lawsuit Settlement Funding Company, a leader in lawsuit funding services and legal funding with the fastest approval process in the industry, announced today that they have launched a new site for commercial litigation case funding and will be focusing on funding more commercial litigation cases for the foreseeable future. For over a decade, Legal-Bay has been dedicated to funding large and complex commercial litigation cases. However, they have now expanded to accommodate more clientele as they’ve seen a surge in cases where clients have been disqualified for advances from other funding companies.
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Commercial Special Features

Member Spotlight: Joshua Masia

By John Freund |

Co-founder & Chief Executive Officer at DealBridge.ai. Prior to founding DealBridge.ai, he led various data, technology, and product initiatives at some of the largest financial institutions and a category-defining FinTech: JPMorgan Chase, BlackRock, and iCapital. He has spent the past 15 years devising technical & business solutions across manufacturing, life sciences, and financial services. He holds a BS in Electrical Engineering from the Pennsylvania State University.

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Commercial Special Features

Highlights from the 6th Annual LF Dealmakers Conference

By John Freund |
From September 26th-28th, LF Dealmakers hosted its sixth annual event in New York City. The three-day conference kicked off with a workshop on navigating the Mass Torts landscape, and an opening reception at the James Hotel. Days two and three featured panel discussions and networking opportunities between key stakeholders in the litigation finance space.
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Announcements Commercial Legal Innovation

Finitive Selects DealBridge.ai to Power its Litigation Finance Marketplace

By John Freund |
DealBridge.ai, the inventor of the modern Deal Relationship Management (DRM) platform, is delighted to announce its strategic partnership with Finitive. Finitive, a leading marketplace that excels in facilitating deal-making within the private credit space, has selected DealBridge.ai’s cutting-edge technology to help power its litigation finance business.
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Announcements Commercial People Moves

Palisade Insurance Partners Expands Senior Leadership Team

By John Freund |
Palisade Insurance Partners, LLC (“Palisade” or the “Company”), a specialty managing general underwriter (“MGU”), today announced the appointments of two seasoned industry executives across its business geography. Scott Stevenson has joined Palisade Insurance Partners LLC in New York as Head of US Risk, from Aon Special Opportunities Group where he served as Senior Vice President. Mark de la Haye has joined Palisade Risk Solutions Ltd in London as Head of UK and Europe Risk, from Augusta Ventures Limited, where he served as Head of Resolutions.
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Announcements Commercial Legal Innovation

Community Fintech 11Onze Enters Litigation Funding for Housing Claims

By John Freund |
On the back of its successful launch of 11Onze Recommends, Europe’s leading community fintech has added housing litigation to enhance its funding offer. 11Onze has also lowered the entry requirement for the product to € 10,000 (from € 25,000) to widen its access to more members. The housing claims are for housing disrepair, especially social housing disrepair.
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Commercial Legal Innovation

LF Dealmakers Panel: Exploring Use Cases of Insurance Across the Litigation Landscape

By John Freund |
A panel consisting of Rebecca Berrebi, Founder & CEO of Avenue 33, Daniel Bond, Senior VP of DUAL North America, Jarvis Buckman, Managing Partner at Leste, and Steven Penaro, Partner at Alston & Bird, discussed the intersection of insurance and litigation funding. The panel was moderated by Stephen Kyriacou, Managing Director & Senior Lawyer at Aon.
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Announcements Case Developments Commercial

Mishcon de Reya Announces Opt-In Claim Against OneCoin Cryptocurrency Scheme

By John Freund |
At the European Litigation Funding Conference in March of this year, it was notable that one of the first panels of the event focused on the potential growth of litigation targeting cryptocurrency companies that have allegedly defrauded customers. Whilst it is still uncertain how viable these claims can be, given the difficulties around the valuation of the underlying assets, the announcement of a new claim being brought in the UK suggests that the appetite for these lawsuits is still present.
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Announcements Commercial Deals

Equine Capital Solutions LLC Selects DealBridge.Ai’s DRM Solution to Revolutionize Litigation Finance

By John Freund |
DealBridge.ai, the first Deal Relationship Management (DRM) platform, is proud to announce its strategic partnership with Equine Capital Solutions LLC (ECS) to transform the complexities of Litigation Finance. ECS, a prominent provider of specialty finance solutions, has chosen DealBridge.ai’s DRM solution as the central technology to modernize its business, incorporating the platform into every aspect of their client, deal, and operational needs.
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Announcements Commercial Deals

New research shows GCs seek greater value from legal claims and judgments

By John Freund |

Burford Capital, the leading global finance and asset management firm focused on law, today releases new independent research that reveals how businesses are finding solutions to extract greater value from legal claims and judgments, based on a survey of 350 GCs, heads of litigation and senior in-house lawyers in the US, Europe, Asia, Australia and the Middle East.

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Commercial Regulatory Issues

Landmark New York Court’s Decision Strengthens the Future of Litigation Funding

By John Freund |
The following piece was contributed by Guido Demarco, Director and Head of Legal Assets at Stonward. In a groundbreaking legal battle that pitted Petersen Energía SAU and Petersen Energía Inversora SAU[1] (the Petersen Companies) against the Republic of Argentina, the recent decision by the District Court of Southern District of New York has far-reaching implications for the litigation funding industry. This landmark ruling reaffirms the critical role litigation funders play in providing access to justice, particularly in complex cases involving powerful sovereign entities.
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Announcements Commercial

Burford Capital Reports First Half and Second Quarter 2023 Financial Results; Strongest Set of Six-Month Financial Results in Burford’s History

By John Freund |
Burford Capital Limited (“Burford”), the leading global finance and asset management firm focused on law, today announces its unaudited financial results at and for the three and six months ended June 30, 2023.1 Burford’s report on Form 6-K at and for the three and six months ended June 30, 2023, including unaudited condensed consolidated financial statements (the “2Q23 Quarterly Report”), is available on the Burford Capital website at http://investors.burfordcapital.com.
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Announcements Commercial People Moves

Certum Group Adds Experienced Litigation Funder, Former U.S. Supreme Court Clerk William Marra as Director

By John Freund |
Certum Group, which provides bespoke solutions for companies facing the uncertainty of litigation, has appointed William C. Marra as a director responsible for leading the company’s litigation finance strategy. Marra is a seasoned litigation funder and former U.S. Supreme Court clerk who will help Certum continue its mission of growing and redefining the litigation finance landscape.
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Announcements Consumer

Mill City Ventures III, Ltd. Extends Further Credit to Mustang Litigation Funding

By John Freund |
Mill City Ventures III, Ltd. (“Mill City”) (NASDAQ:MCVT), a specialty short-term finance and non-bank lender, announced today that it extended an additional $1 million of short-term loan principal to Mustang Funding LLC d/b/a Mustang Litigation Funding (“Mustang”) and refinanced and extended earlier provided short-term loan principal.
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Announcements Commercial Special Features

Funding Opportunity: 4 Rivers Seeks Funding for Breach of Contract Claim

By John Freund |
Funding is required for a claim involving a concession held by a state-of-the-art industrial facility utilizing leading technologies to recycle used tires into rubber raw material, rubber compound, and value-added rubber end products. The concession agreement is between the plaintiff and a quasi-governmental entity in the GCC region. The claim is likely to be the subject of an ICC arbitration.
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Announcements Case Developments Commercial

Burford Capital Statement on YPF Damages Ruling

By John Freund |

Burford Capital Limited, the leading global finance and asset management firm focused on law, today releases the following statement in connection with the September 8, 2023 Findings of Fact and Conclusions of Law (the “Ruling”) issued by the United States District Court for the Southern District of New York (the “Court”) in connection with the Petersen and Eton Park cases against the Republic of Argentina and YPF (the “Case” or the “YPF Litigation”).

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Announcements Consumer

The American Legal Finance Association Objects to U.S. District Judge’s Case Management Order Regarding Litigation Funding

By John Freund |

The American Legal Finance Association (ALFA) objects on behalf of its 30 members to the Case Management Order No. 61 issued by U.S. District Judge M. Casey Rodgers on August 29, 2023 in the 3M Combat Arms Earplug Product Litigation. The Order prohibits claimants in the Litigation from obtaining consumer legal funding without court approval and does not cite any applicable factual basis or legal precedent for such an order. The Order was issued without providing any due process to ALFA members whose funding contracts are in demand by claimants.

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Announcements Commercial People Moves

Westfleet Advisors Opens Houston Office Led by Litigation Finance Veteran

By John Freund |
Westfleet Advisors, the leading U.S. litigation finance advisory firm, announced today that it has expanded its executive team with the addition of Wendie Childress as Managing Director and Counsel. Ms. Childress was most recently an Investment Advisor at commercial litigation funder Validity Finance, where she forged and deepened relationships throughout the U.S. legal market and advised parties seeking funding through all stages of the process. 
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