Content for the Public

SYDNEY, 14 April 2020: Omni Bridgeway Limited (ASX:OBL) is delighted to announce the appointment of Raymond van Hulst to the Board of Directors, effective 9 April 2020.

This publication will be hosting a special digital conference on April 16th, discussing the topic of COVID-19 and the impact it has had on the litigation funding and broader legal services industry.

The following piece was contributed by Joshua Libling, Portfolio Counsel at Validity Finance, LLC.

Litigation finance has always billed itself as a way of helping meritorious claims regardless of the economic strength of the litigant. The coronavirus pandemic is now exerting enormous and growing stress on law firms and clients. If ever there was a moment for litigation finance to live up to its own hype, this is it. We think it can.

NEW YORK, April 7, 2020 /PRNewswire/ — Ankura, a global business advisory and expert services firm, today announced its appointment of Robert Capper as Senior Managing Director. Based in London, Mr. Capper bolsters Ankura’s complex investigations capabilities for clients in Europe, the Middle East and Africa (EMEA), Asia and globally. A former member of the British Intelligence Services, Mr. Capper specializes in high-profile sovereign disputes and asset tracing, as well as fraud and white-collar crime investigations.

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

In today’s “us vs. them” political environment, it is refreshing to see exceptions in the state of Utah.  I saw one example of people working together in the political environment during Utah’s most recent legislative session.

The following piece was contributed by Louis Young, Managing Director of Augusta Ventures. 

The Legal Services industry, like many others, is today racing to come to terms with the implications of coronavirus. A range of impacts have been felt to date, including cases being put on hold, staffing concerns and critically, cash flow issues. With clients under pressure, bills aren’t being paid and pipeline looks increasingly uncertain. Alongside this, law firms have high fixed costs, particularly staff, so income is urgently needed.

Baker Street Funding announced today as a result of the effects of the global pandemic, COVID-19 and because of the unprecedented global shutdown of business activities, many people (including people who depended on Baker Street Funding) do not have the opportunity to earn an income. Baker Street Funding has increased their funding applications by 50%.

TORONTO, ON / ACCESSWIRE / April 6, 2020 / Stans Energy Corp. (HRE.V)(HREEF) (“Stans” or the “Company”) is pleased to announce that it has entered into a Cooperation agreement with its Finance Providers to secure financing for the Award recognition and enforcement proceedings. This Agreement is an extension of the existing Litigation funding agreement of March 2018, and its main terms provide for the following:

DELRAY BEACH, Fla., April 6, 2020 /PRNewswire/ — 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.

April 6, 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.

AIM-listed Litigation Capital Management Limited, a leading international provider of litigation financing solutions, is pleased to announce the hire of seasoned disputes practitioner and third-party finance expert James Foster as an Investment Manager based in London.

Forbes Ventures announces that Kirk Kashefi and Igor Zjalic have resigned as Non-executive Directors of the Company with immediate effect.  Additionally, Igor Zjalic has resigned as a director of Forbes’ subsidiary, Forbes Ventures Investment Management Limited.  The resignations of Kirk and Igor are by mutual consent and follow Forbes’ announcement of 2 March 2020, which confirmed that the Company’s future strategy would focus on the securitisation of litigation funding assets, via the establishment of a Securitisation Cell Company (SCC) in Malta.

Chicago, IL, March 30, 2020 — Delta Capital Partners Management LLC (Delta), a private equity and advisory firm specializing in litigation and legal finance, today announced its ability to provide bespoke liquidity solutions to law firms, businesses, private investment funds, and individual claimants affected by recent macroeconomic developments, including those caused by the COVID-19 pandemic.

LONDON, 25 MARCH 2020 – BALANCE LEGAL CAPITAL LLP, a London-based provider of litigation and arbitration finance, today announced it has raised a further US$100 million from 8 institutional investors in a new UK fund for deployment in the UK, Australia and other common law jurisdictions.

Understanding the Latest NYC Bar Report on Litigation Funding

Tuesday, March 31, 2020

1:00 pm to 2:00 pm

Litigation Capital Management Limited (AIM:LIT), a leading international provider of disputes
financing solutions, announces its interim results for the six months ended 31 December 2019
(“HY20”).

CHICAGO – March 16, 2020 – Longford Capital today announced that Andrew A. Stulce joined the firm as Vice President. Mr. Stulce will assist with investment sourcing, due diligence, and monitoring of portfolio investments.

SYDNEY, 16 March 2020: Omni Bridgeway Limited, (formerly known as IMF Bentham ASX:IMF), has welcomed talented new colleagues to the team as the company continues its international expansion. The appointments include global leadership positions following the merger of IMF and Omni Bridgeway in November 2019 and important roles in Australia in response to increased appetite for dispute finance solutions. Omni Bridgeway can also announce it is expanding its footprint into New Zealand, where the firm is already active in several actions.

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 (March 10, 2020) – Litigation funder Validity Finance announced two noteworthy additions to its investment team in New York and Chicago.

Litigation Capital Management Limited (AIM:LIT), a leading international provider of litigation financing solutions, is pleased to announce the first close of a new third party fund of up to US$150 million, LCM Global Alternative Returns Fund (the Fund). In accordance with the Company’s strategy and as previously communicated to the market, the close of this Fund marks LCM’s return to managing third-party funds, following the building of a permanent source of balance sheet capital through the equity markets.

TORONTO , March 5, 2020 /CNW/ – Equitable Bank, Canada’s  Challenger Bank™, is pleased to announce it acted as the sole lead arranger of a $60 million senior secured credit facility to support the recapitalization and growth of BridgePoint Financial Services Inc. (BridgePoint), Canada’s leading provider of specialized loans for the legal services market with a focus on loans to individuals involved in personal injury claims and loans/credit facilities to law firms.

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. 

DOHA, Qatar, Feb. 27, 2020 — The Swifthold Foundation, which was defrauded by Sheikh Fahad bin Ahmad bin Mohamed bin Thani Al Thani 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.

The business of Insurance is a complex one, full of costly legal pitfalls. This is especially true within two core components of the Insurance industry: subrogation and reinsurance. Fortunately, litigation funding provides an antidote to Insurance companies who may find themselves embroiled in legal turmoil stemming from either practice.

SAN FRANCISCO, Feb. 26, 2020 /PRNewswire/ — RPX Corporation today announced that it has secured license rights to Excalibur IP’s patent portfolio for a syndicate made up of a subset of the RPX membership, while also reserving rights for additional and future members. Excalibur IP is a subsidiary of Altaba Inc., the company formerly known as Yahoo, Inc. prior to the sale of Yahoo!’s operating businesses to Verizon in 2017. The global portfolio consists of more than 2,000 patents owned by Excalibur IP.

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. 

CHICAGO, February 24, 2020 – Baylor Law has tapped William P. Farrell, Jr., co-founder, managing director, and general counsel of Longford Capital, to serve as an adjunct professor at the law school and to lead a course on litigation funding. The litigation funding course is a part of Baylor Law’s innovative LL.M. program in litigation management, the first program of its kind.