NEW YORK, June 17, 2020 /PRNewswire/ — In an effort to use its resources to bring relief and hope to those affected by unprecedented global circumstances, Tribeca Capital Group, LLC, an industry leader in pre-settlement lawsuit funding, announces that it has developed an initiative to reach lawsuit plaintiffs who have been touched by COVID-19 or have been negatively impacted by the sharp downturn in the economy.
Total Commitments Exceeding $465 Million
Parabellum Capital LLC (“Parabellum”), a leader in commercial litigation finance, today announced the final closing of its latest private investment fund, Parabellum Partners II, LP (the “Fund”), with over $465 million in commitments. The Fund is Parabellum’s second broadly-offered private investment fund since its founding in 2012.
LexShares, a leader in commercial litigation finance, today announced the launch of LexShares Marketplace Fund II (LMFII). With a $100 million target fund size, LMFII will invest in litigation-related assets offered on the LexShares platform. LMFII opens on the heels of the company’s 100th legal claim investment, making LexShares one of the most active litigation funding firms in the world.
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.
Jersey, Channel Islands, 2nd June 2020: Therium Access, the not-for-profit arm of global litigation funder Therium, has committed £100,000 and provided its own resources to help launch and deliver the Community Justice Fund alongside grant giving organisations focused on the provision of access to justice.
Baker Street Funding, America’s #1 Choice for Legal Funding Firm, announced today that they have launched a commercial litigation focused legal funding division. This new division will focus on commercial litigation, lawsuit loans, or advances and attorney loans. Commercial litigation is often extremely complex and time-consuming. The cost of litigating these claims has increased exponentially and Baker Street Funding finds it as an under-served market in which they can thrive.
The common law doctrine that bans champerty has been around since the middle ages. This dark age law prohibiting funding for legal cases by outside parties (who then receive a share of a winning award) is still in place in some parts of the world. But Minnesota is no longer one of those places—earlier this week, the Minnesota Supreme Court abolished the champerty doctrine.
HONG KONG, 4 June 2020: Proceedings have been filed in Omni Bridgeway Limited‘s, (ASX:OBL) first funded international arbitration in Hong Kong since the Special Administration Region amended its Arbitration Ordinance (Cap. 609) to permit third party funding (effective February 2019).
MIAMI, June 2, 2020 /PRNewswire/ — Leste Group is pleased to announce that Rodrigo Machado has joined its team as Managing Director of US Real Estate. Mr. Machado joined in May 2020 and will be focused on further expanding Leste Group’s Real Estate investments business across the USA, in addition to overseeing Leste Group’s existing investments in the Multifamily, Single Family Homes for Rental, Hospitality and Healthcare sectors.
TEL AVIV (June 2, 2020) – Leading U.S. litigation funder Validity Finance has opened its first international office, in Tel Aviv, recruiting prominent international-disputes lawyer Eli Schulman to head its Israel operations. Validity is the first U.S.-based funder to open an office in Israel.
NYU Law School’s Center on Civil Justice, creators of the first-of-its-k
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.
AIM-listed Litigation Capital Management Limited (LCM), a leading international provider of disputes financing solutions, notes the announcement on 22 May 2020 by the Federal Treasurer of Australia, Josh Frydenberg, that litigation funders operating in Australia will be subject to new regulation requiring them to obtain and maintain an Australian Financial Services Licence (AFSL).
The UK Legal Industry generated revenues of £9.34bn in the first calendar quarter of 2020, down 6.6% on the final quarter of 2019. And while there are usually falls between Q4 and Q1 due to seasonal factors, the drop this quarter was the highest in four years, a full one percentage point greater than the drop in the same period in the prior year. The final weeks of March cover the period when Covid-19 was beginning to impact the economy.
Baker Street Funding, LLC (Baker Street), a legal funding company located in New York and South Florida, is committing to increasing their litigation funding efforts on settled cases. This type of legal funding provides contingency fee based attorney and their clients with immediate liquidity to help bridge the gap between settlement and payment distribution.
CALDWELL, N.J., May 11, 2020 /PRNewswire/ — Legal-Bay LLC, the Lawsuit Settlement Funding Company, announced that they have launched a new legal funding division for commercial litigation, lawsuit loans or advances, and attorney loans for law firms. Commercial litigation cases can be extremely complex and require expansive resources for both plaintiffs and law firms to fight properly. Legal-Bay sees this as an under-served market and has built a new division to accommodate the needs of this market.
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); Dave Kerstein (Validity Finance LLC); Christopher Freeman (Burford Capital); Joel Cohen (Stout); and Jeffery Lula (GLS Capital, LLC).
ARDMORE, Pa., May 7, 2020 /PRNewswire/ — Balanced Bridge Funding, LLC (“Balanced Bridge”) now offers a special financing program for plaintiffs involved in settled sex abuse cases, who have awards and are interested in receiving a portion of their award upfront.
Balanced Bridge Funding, LLC (“Balanced Bridge”), a specialty finance firm based outside Philadelphia, is ramping up their legal funding efforts to provide capital to plaintiffs and attorneys working on a contingency fee basis. Balanced Bridge’s post-settlement funding product is specifically designed to help bridge applicants from the time of settlement to final distribution of payment.
HOUSTON, April 28, 2020 /PRNewswire-PRWeb/ — Lex Mundi, in conjunction with members of the Lex Mundi Litigation, Arbitration and Dispute Resolution Group, has published the first-of-its kind interactive guide – Lex Mundi Global Attorney-Client Privilege Guide. This one-of-a kind guide allows users to compare common and civil law attorney-client privilege information for more than 65 jurisdictions around the world — all in a side-by-side customized report.
DRB Financial Solutions, LLC, is pleased to announce that its subsidiary, USClaims (www.USClaims.com), America’s premier pre-settlement funding company, was recently chosen as America’s Best Consumer Litigation Funding Provider by the audience of Corporate Counsel, the leading national legal and business news publication for in-house counsel at global companies.
NEW YORK, April 22, 2020 /PRNewswire/ — Tribeca Capital Group, LLC, a leading voice in the field of consumer pre-settlement funding, is pleased to announce its new initiative designed to expand its lawsuit client base to include high dollar commercial plaintiffs and the law firms who represent them.
LONDON, April 24, 2020 /PRNewswire/ — AxiaFunder, the UK’s first for-profit litigation funding platform, today announces its second case win, returning 93.75% to investors in just 15 months.
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.
April 20, 2020, Chicago IL–Delta Capital Partners Management LLC, a global private equity firm specializing in litigation and legal finance, today announced the hiring of a new senior executive.
SAN CARLOS, Calif., April 14, 2020 (GLOBE NEWSWIRE) — BioCardia, Inc. (Nasdaq: BCDA), a leader in the development of comprehensive solutions for cardiovascular regenerative therapies, today reported it has entered into an agreement for litigation financing which has been filed today with the Securities and Exchange Commission on Form 8-K.
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); Dave Kerstein (Validity Finance LLC); Christopher Freeman (Burford Capital); and Joel Cohen (Stout).
CALDWELL, N.J., April 13, 2020 /PRNewswire/ — Legal-Bay, the nation’s leading lawsuit settlement funding company, announced today that they have committed to providing coronavirus relief with their new “feed or fund” program. Plaintiffs who may be seeking legal funding are now being given even more incentive to apply for a settlement loan with this latest unprecedented offer.
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.
