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Announcements Commercial Deals

Pretium Launches Legal Investment Group

By John Freund |
Pretium, a specialized investment management firm with more than $26 billion in assets, today announced that it has established a legal opportunities investment team. Pretium’s legal opportunities team will work with corporations and law firms to identify and invest in legal and commercial opportunities where its team has deep knowledge and experience and that offer attractive return potential for investors.  Areas of investment will include high value complex disputes between businesses, arbitrations, antitrust, patent and intellectual property, bankruptcy, distressed debt and insolvency and monetization of judgments and awards.  Pretium will not be investing in consumer litigation finance.
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Announcements Commercial People Moves

Guido Demarco, new Director & Head of Legal Assets of Stonward Litigation Funding

By John Freund |
Stonward Litgation Funding, boutique specialized in offering bespoke solutions to finance litigation both in Europe and the Americas, has a new director and Head of Legal Assets: Guido Demarco, a legal expert with extensive experience in debt restructuring (private and sovereign), NPL strategies and legal, banking and financial project management.
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Announcements Commercial Deals

Investor Group Led By Litigation Funder Drumcliffe Acquires Additional Equity Stake in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX)

By John Freund |
An investor group led by asset recovery funder Drumcliffe LLC has purchased 1,138,245 shares in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) (“Odyssey”), from Epsilon Acquisitions LLC in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended.
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Announcements Fundraising

$wLITI lists on Changelly PRO, on the heels of HitBTC and Bitcoin.com listings

By John Freund |
Liti Capital’s wLITI token, a wrapped version of the Swiss company’s LITI equity token, lists on Changelly PRO, $wLITI pairs with BTC and USDT are now available for trading. This comes less than a week after listing on Bitcoin.com Exchange and less than two weeks on HitBTC. The Changelly PRO team has expressed their warm welcome to the litigation financing token.
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Announcements Commercial

Burford Capital Update On Business Performance And Potential US GAAP Conversion

By John Freund |
Burford Capital Limited, the leading global finance and asset management firm focused on law, today released the following statement on its performance for the six months ended June 30, 2021 and on matters relating to its potential conversion to US GAAP. Burford is scheduled to release its interim results on September 9, 2021. All figures in this disclosure are unaudited and presented on a Burford-only basis, unless otherwise stated. Certain definitions are provided below; additional definitions, reconciliations and information are set out in Burford’s 2020 annual report, available at www.burfordcapital.com.
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Announcements Case Developments Consumer

Legal-Bay Lawsuit Funding Announces Roundup Litigation Settlements Still Have No Definitive Timeframe

By John Freund |
Legal-Bay, The Presettlement Funding Company, reports that Bayer is reassessing its efforts to settle the numerous lawsuits they are facing due to their Roundup brand weed killer. It is estimated that 30,000 plaintiffs still have outstanding suits against Monsanto (a subsidiary of Bayer), claiming the company’s product is directly responsible for making them sick.  Certain cancers are alleged to have been caused by the glyphosate-based herbicide including non Hodgkin lymphoma.
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Announcements Fundraising

BCCE Announces $12 Million Funding Round

By John Freund |
Bank Cartel Claims Europe (BCCE), a joint-venture of law firm Grantley Sinclair LLP and litigation finance firm Commercial Damages Claims Limited today announced a $12M funding round for its dedicated litigation finance fund, the Bank Cartel Claims Fund (BCCF), providing institutional and individual investors the ability to access a portfolio of litigation-related assets through a single fund allocation.
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Announcements Fundraising

Liti Capital Token wLITI Lists on HitBTC, Bringing Litigation Financing to the Masses

By John Freund |
Liti Capital, the Swiss-based litigation financing company that has made private equity investing accessible to everyone through blockchain technology, has listed its wLITI token for the first time on a centralized exchange (CEX) – HitBTC. wLITI’s first CEX listing follows its recent listings on decentralized exchanges (DEXes) Uniswap and 1Inch Exchange.
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Announcements Consumer

Legal-Bay Lawsuit Funding Enters Attorney Funding Market with Law Firm Loans Up to $25MM

By John Freund |
Legal-Bay, The Pre Settlement Lawsuit Funding Company, announced today that they are now assisting a large number of attorneys with their funding needs. The premier lawsuit funding company is currently working with lawyers and law firms, generating a renewed focus on cash flow needs that may have arisen due to Covid-19 shutdowns and a severely slowed court system.
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Announcements Fundraising

Leading disruptor in civil litigation finds capital solution to drive unprecedented growth

By John Freund |
PURE Business Group (PURE), the multi-discipline legal services business, has today announced a new £multi-million funding facility with Sandfield Capital. PURE, which currently handles over 12,000 new instructions each year, hopes that this move will dramatically accelerate its ability to develop record numbers of cases over the next few years.
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Commercial Special Features

Jurisdiction guide to third party funding in international arbitration

By John Freund |
Third party funding (TPF) for international arbitrations and court proceedings related to international arbitrations is now permitted in a number of jurisdictions worldwide. TPF arises when a third party litigation or arbitration funder provides financial support to enable individuals or commercial entities to pursue or defend legal proceedings.
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Announcements Consumer

Legal-Bay Lawsuit Funding Announces Increased Funding for Personal Injury Cases

By John Freund |
Legal-Bay, The Pre Settlement Funding Company, announced today that they are preparing their underwriters for an increase in personal injury applications over the coming months. The first half of 2021 saw an unprecedented number of claims filed, and now that summer is well underway with crowds of people getting out and about, they expect to see even more.
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Consumer Special Features

Consumer Legal Funding is Even More Necessary Post-Pandemic

By John Freund |
The following piece was contributed by Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding (ARC).  Consumer Legal Funding is when a company provides funds to a consumer who has a pending legal claim, typically a car accident, while their case is making its way through the legal system. The funds are used for household needs such as mortgage, rent, car payments, keeping the light on and putting food on the table. The funds are not used to pay for legal fees associated with the claim or case.
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Announcements Commercial

Liti Capital Announces New $5 Million Investment to Acquire New Assets

By John Freund |
Liti Capital SA , the blockchain litigation finance company, announces an investment of $5 Million. This $5m will be used to purchase assets worth up to a potential $50m. Of the initial private raise of $12m, $10m was used to secure assets worth up to $100m of potential asset value. Once this new $5m is deployed in an asset purchase, the combined $150m potential value dwarfs the current market cap of $25m. Those assets are what back the LITI equity token.
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Announcements Consumer

Legal-Bay Lawsuit Funding Raises Over $2MM with Joint Venture Partner to Fund Personal Injury Claims

By John Freund |
Legal-Bay Pre Settlement Funding reports an expansion to their capital needs now that funding applications are on the rise. The entire legal system had practically ground to a halt due to Covid-19, which caused massive delays in the courts. But now that life is starting to return to normal, backlogged dockets are being addressed. With renewed activity, Legal-Bay is seeing an increase in applications for settlement funding.
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Commercial Special Features

Creating and Resourcing an Enforcement Plan to Persuade a Funder to Invest in Your Enforcement

By John Freund |
The following article was contributed by J-P Pitt, Investment Manager at Asertis.  Stating the obvious, the principal reason a funder chooses to fund enforcement, as with every aspect of litigation funding, is to receive more at the end than is paid at the beginning. In practical terms, enforcement extends beyond being purely a legal process. Much of it involves practical project management, where litigation is one of two key workstreams. The other is influence or persuasion – communications or PR. These two elements are entirely complementary and complimentary.
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Announcements Commercial

Liti Capital Announces Identifying Information of Their First Crypto Con Artist

By John Freund |
Geneva, Switzerland – June 29, 2021 – Liti Capital SA, a Swiss Litigation Finance company, has just found and identified the perpetrator of a cryptocurrency scam. This comes days after their commitment to push back against fraud in the crypto community and help create a safe atmosphere for innovation and investment moving forward. By tokenizing their equity, Liti Capital introduces litigation finance to the blockchain, providing retail investors with a new asset class and giving them the opportunity to fight back against crypto criminals.
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Announcements Commercial

New Research: CFOs Increasingly Aware Of Commercial Litigation Assets And Poised To Unlock More Value From Legal

By John Freund |
Burford Capital, the leading global finance and asset management firm focused on law, today releases new independent research probing how CFOs and senior financial officers influence corporate legal departments, legal spend and their companies’ success in recovering value through affirmative recoveries.
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Announcements Commercial

Legaltech leaders Disputed.io raise further funding

By John Freund |

LegalTech company, Disputed.io, has increased investment to over £1.5m from its latest round of investment. The latest funding follows on the back of significant growth for the business after the launch of its first product, CaseFunnel, an automated claims solution 13 months ago. Eighty per cent of the investors followed-on, on the back of the soft-launch of the business’ latest product, FinLegal the first online marketplace for litigation funding.

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