Content for the Public

DOHA, Qatar, Aug. 24, 2020 /PRNewswire/ — The Swifthold Foundation, which was defrauded by Sheikh Fahad bin Ahmad bin Mohamed bin Thani Al Thani, a member of the Qatari Royal Family, and his Qatari company, Fast Trading Group, has been patiently waiting for the Qatari Enforcement Court to enforce Swifthold’s $6 billion U.K. High Court Judgment since the Qatari Trial Court issued a Writ of Execution to formally recognize the Judgment in Qatar in the Summer of 2019.

Litigation Capital Management Limited, a global provider of disputes funding, publicly listed on the London Stock Exchange’s AIM market, is pleased to announce it has executed an agreement to finance a corporate portfolio transaction to provide a significant finance facility to a subsidiary of a global building and infrastructure contractor to fund a portfolio of its construction claims.

TORONTO, Aug. 20, 2020 /CNW/ – In response to the more than 3,000 small businesses negatively affected by the Eglinton Crosstown LRT project, BridgePoint Financial has launched CrosstownHelp^TM, an expropriation and business-loss consulting and financing program to help recoup losses and restore financial and business stability to those impacted by the delayed infrastructure project.

A previous post asserted that Longford Capital is funding Epistar’s IP claim against the University of California. That information is incorrect. Longford is funding a separate IP claim filed by the Regents of the University of California, which is unrelated to Epistar’s action against the university.

The inaccurate post has been removed, and we regret the error.

SACRAMENTO, Calif., Aug. 13, 2020 /PRNewswire/ — Legal Bay Lawsuit Funding reports that California utility company PG&E recently admitted negligence in the 2018 Camp Fire that killed 84 people and destroyed the entire town of Paradise. The fire devastated hundreds of lives and wreaked billions of dollars in property damage, and was the single most destructive wildfire in California’s history.

DLA Piper has entered into a non-exclusive arrangement with publicly listed disputes financier Litigation Capital Management (LCM), and a newly formed litigation funder, Aldersgate Funding Limited to offer clients of DLA Piper access to £150m for funding large-scale litigation and arbitration. This will be offered on a financial risk-free (non-recourse) basis with a streamlined approval process embedded within the offering.

The UK’s Legal industry generated revenues of £2.79bn in June 2020. Whilst 3.6% down on June last year, that month was the highest billing June on record. June 2020 was the third best June in history for the UK’s legal industry, according to Office of National Statistics data released on 12th August.

PHOENIX, Aug. 11, 2020 /PRNewswire/ — Pravati Capital, leading litigation finance pioneer and consulting firm, today announced the launch of its fifth specialized litigation finance investment fund with $200 million, following the success of its four previous funds launched since 2013. Pravati Investment Fund V (Fund V) will allow for the first time non-US and US-tax exempt international qualified investors the opportunity to invest in a specialized litigation finance alternative investment vehicle.

WARSAW, Poland, August 5, 2020 — Forteam Investments Ltd., an investment company controlled by U.S. private equity firm Delta Capital Partners Management LLC (“Delta”), which is seeking over PLN 300 million from Mariusz Świtalski and companies he controls, has secured a third court injunction.

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns a preliminary rating to one class of notes from TVEST 2020A, LLC, a $123 million securitization collateralized by litigation finance and medical receivables serviced by Experity Ventures LLC (“Experity”).

This article was contributed by Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding (ARC).

On August 3, 2020, The American Bar Association (ABA) House of Delegates, by a vote of 366-10, voted to adopt the resolution for “Best Practices for Third-Party Litigation Funding”. This established a slew of national guidelines that law firms, consumers and legal funding companies should follow.

NEW YORK, July 29, 2020 — Pravati Capital, leading litigation finance pioneer and consulting firm, today announced four new members to its esteemed leadership team, each complementing the firm’s outstanding services and legal insight. Joining Pravati Capital, Bruce Cohen, Douglas Smith, Scott Potter and Shane Ham will bolster the company’s litigation practice with specialized experience to better serve clients.

Litigation Capital Management Limited, a global provider of disputes funding, publicly listed on the London Stock Exchange’s AIM market, is pleased to announce the hire of Helene Roins as an Investment Manager based in Sydney.

It’s clear by now that 2020 has been a year like no other. Industry growth and the impact of COVID make this an ideal time to catch up on all of the relevant issues impacting the commercial Litigation Finance industry. With that in mind, LFJ is hosting a panel discussion that will cover a wide range of topics, including the Burford/Muddy Waters saga, the IMF/Omni merger, the rise in IP litigation, hedge fund interest in the funding sector, and much more. 

NEW YORK (July 28, 2020) – Looking to meet growing demand among businesses and law firms to finance commercial disputes, litigation funder Validity Finance has raised $100 million in additional capital. The firm also announced the arrival of experienced transactional attorney Jason Listhaus to fill the new role of in-house corporate counsel as its portfolio continues to grow.

LONDON, 28 July 2020: Omni Bridgeway Limited announces that it has resolved to fund proposed litigation to be brought by shareholders of Wirecard AG against its auditor, Ernst & Young GmbH. Such litigation will be brought in Germany by leading international law firm Quinn Emanuel Urquhart & Sullivan LLP.

CHICAGO, Illinois, July 27, 2020 — Delta Capital Partners Management LLC, a global private equity firm specializing in litigation and legal finance, has announced its new Board of Advisors.

The following article is part of an ongoing column titled ‘Investor Insights.’ 

Brought to you by Ed Truant, founder and content manager of Slingshot Capital, ‘Investor Insights’ will provide thoughtful and engaging perspectives on all aspects of investing in litigation finance. 

NEW YORK, July 20, 2020 /PRNewswire/ — Bryant Park Capital (“BPC”), a leading middle-market investment bank, announced today that ProMed Capital Ventures, LLC (“ProMed” or the “Company”), a leading provider of financing to medical practices and facilities in the United States, has been sold to Experity Ventures, LLC, the parent company for several specialty finance and legal funding related services businesses in the United States, including Nexify Holdings, Medsolve Financial Group, and Thrivest Legal Funding, LLC dba Thrivest Link. The financial terms of the transaction were not disclosed.

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SYDNEY, 16 July 2020: Omni Bridgeway Limited (ASX:OBL), announces a new legal finance facility and an equity investment in an exciting new Japanese business providing Japanese clients with access to justice, without the associated costs and risks of pursuing their claims.

Augusta, the UK’s largest funder of litigation by case volume today announces the appointment of Clara Segurola as Lead Economist.

CHICAGO – July 13, 2020 – Longford Capital today announced that Marc A. Cavan has joined the firm asDirector. Mr. Cavan will assist with investment sourcing, due diligence, and monitoring of portfolio investments, supporting Longford’s Chicago and Dallas offices.

The UK’s Legal industry generated revenues of £2.35bn in May 2020, 12% down on May last year. May 2020 was the lowest-earning month in four years, according to Office of National Statistics data released on 14^th July.

PHILADELPHIA, July 8, 2020 /PRNewswire/ — Legal-Bay LLC, The Pre-Settlement Funding Company, announced their renewed commitment to assisting the many victims who’ve filed Essure Birth Control lawsuits, and are hoping for presettlement payouts despite court delays.

The following was contributed by Matthew Pitchers, Head of Investment Valuation at Augusta Ventures. 

I was in conversation the other day with a prospective user of our finance – a law firm who will remain nameless. The conversation was going well, very well in fact, until those seven words came up: “what is it going to cost me?”. I replied that our fee would be based on the higher of a multiple on the funds deployed or a set percentage of damages awarded. After a few seconds of silence which felt like an eternity, the response I got back was “that is very expensive, and I don’t think my client will go for it”.

CHICAGO, Illinois, July 1, 2020 — Delta Capital Partners Management LLC, a global private equity firm specializing in litigation and legal finance, today announced the hiring of a Chief Marketing Officer and a Marketing Associate.

HFW, KPMG and Augusta Ventures are pleased to announce a non-exclusive project to assist companies facing problems caused by the Covid-19 pandemic and lockdown. Together, they will provide a global ‘one-stop shop’ that can quickly support companies needing assistance by facilitating funding for supporting litigation and arbitration from Augusta, and a package of legal assistance, asset tracing and enforcement measures from HFW and KPMG.

CHICAGO, Illinois, June 30, 2020 — Forteam Investments Ltd., an investment company controlled by the American private equity firm Delta Capital Partners Management LLC (“Delta”), which is seeking approximately USD $86 million from Mariusz Świtalski and companies he controls, has secured an injunction against Świtalski and his assets.

NEW YORK (June 24, 2020) – Leading litigation funder Validity Finance has selected University of Chicago Law School law student Amber S. Stewart for its 2020 Equal Access Fellowship. The program, launched last year, provides a 10-week paid summer fellowship to first-year law students of diverse backgrounds to spend the first half of their summer at Validity learning the basic principles of litigation funding before spending the second half working at the non-profit of their choice. Validity is one of the only funders to provide such a program for first-year law students.

The following article is part of an ongoing column titled ‘Investor Insights.’ 

Brought to you by Ed Truant, founder and content manager of Slingshot Capital, ‘Investor Insights’ will provide thoughtful and engaging perspectives on all aspects of investing in litigation finance.