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Announcements Commercial Legal Innovation

Omni Bridgeway launches US Judgment Enforcement business, expands global enforcement team

Omni Bridgeway (formerly known in the US as Bentham IMF) is pleased to announce the launch of its US Judgment Enforcement business.

Omni Bridgeway, the most experienced multi-disciplinary foreign judgment enforcement provider in the world, launches its Judgment Enforcement services business in the US with three key appointments and further expansion pending, building on the company’s 35-plus year track record in global enforcement.

We are delighted to welcome Hannah van Roessel as Senior Investment Manager, Director Enforcement – US in New York. Since 2013, Hannah has served as Director Enforcement & EMEA, Senior Legal Counsel in the Amsterdam office of Omni Bridgeway’s litigation and global enforcement funding business, with a notable record of managing active enforcement cases and securing recoveries in contested settings. Hannah brings significant hands-on experience with the cross-border recognition and enforcement of arbitral awards on the basis of the New York Convention in a large number of jurisdictions, especially against sovereigns and semi-sovereigns.

Jeff Newton joins Hannah in Omni Bridgeway’s New York office as Investment Manager and Legal Counsel responsible for expanding the company’s US judgment enforcement initiatives. Jeff was a litigator at Kobre & Kim LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP where he represented parties in a wide range of complex commercial cases across financial fraud, crypto, defaulted debt, technology, environmental, pharma, insurance, and reinsurance matters. He has represented clients on the plaintiff and defense side in civil and class action lawsuits and helped recover assets internationally.
Rounding out the team responsible for advancing the company’s US enforcement business is Gabe Bluestone, who also joins the team as Investment Manager and Legal Counsel in New York. Gabe was previously a Shareholder and litigator at Bluestone, P.C., a leading asset recovery law firm with offices in Washington D.C. and New York, where he also maintained a robust business litigation practice. While in private practice, Gabe represented a global roster of clients in commercial disputes and in enforcing judgments, often seeking injunction-predicated relief, striking down fraudulent conveyances, and unravelling fraudulent corporate schemes.

Andrew Saker, Managing Director & CEO and Chief Strategy Officer – US notes “Omni Bridgeway’s global leadership in judgment enforcement is unparalleled in terms of the results we deliver clients. We are excited to officially launch our enforcement business in the US with the arrivals of Hannah, Jeff, and Gabe. Our dedicated US team will serve as an on-the-ground resource for clients in devising, managing, and executing cross border enforcement strategies, working closely with colleagues in North America, and researchers and asset tracers worldwide.”

ABOUT OMNI BRIDGEWAY 

Omni Bridgeway is the global leader in litigation financing and managing legal risk, with expertise in civil and common law legal and recovery systems. With international operations based in 20 locations, Omni Bridgeway offers dispute finance from case inception through to post-judgment enforcement and recovery.

Omni Bridgeway is listed on the Australian Securities Exchange (ASX:OBL) and includes dispute funders formerly known as IMF Bentham Limited, Bentham IMF and ROLAND ProzessFinanz, and a joint venture with IFC (part of the World Bank). For more information visit www.omnibridgeway.com.

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Announcements Consumer

Legal-Bay Lawsuit Funder Launches Legal Funding Calculator for Consumers

By Harry Moran and 4 others |

Legal Bay Presettlement Funding announces their new funding calculator for customers to compare pricing models of lawsuit loans between funding firms. It should be noted that Legal Bay doesn't charge compounding interest like many other legal funding companies, keeping payback costs lower right from the start. As one of the best lawsuit loan companies in the industry, Legal Bay ensures flat pricing, transparent contracts, and a helpful, knowledgeable staff to walk you through every step of the lawsuit loan funding process.

  1. Legal Bay is a direct funder—not a legal funding broker—which is the first distinction customers should make when researching legal funding options. Here's why:
  2. Being a direct funder allows Legal Bay to expedite cases faster, normally within 24-48 hours after applying, once all documents have been received.
  3. Being a direct funder allows Legal Bay to provide lawsuit loans with cap out provisions for cases that qualify without additional broker fees.
  4. Compound rates can grow substantially over the course of your case settlement funding, while flat interest stays the same at about 20% percent every 6 months.
  5. Legal Bay's lawsuit settlement programs are non-recourse which means the client will not have to pay back the loan if the case does not settle.

Chris Janish, CEO of Legal-Bay, commented, "Our funding calculator gives consumers an invaluable tool to compare payback costs. Plaintiffs will see that our direct funder platform means you deal directly with our staff and underwriters—not a broker. Our direct funding model allows for the fastest approvals, reduced rates, and no added broker fees, keeping your costs low. Legal-Bay's flat pricing—as opposed to compounding interest—and our best price guarantee ensures the lowest rates in the litigation finance industry. On large funding amounts, consumers should be aware of payback costs. The savings of Legal-Bay's flat-rate pricing versus contracts with compounding interest can be substantial."

Legal-Bay's funding model is designed to put more money back in the plaintiff's pocket at settlement. If you or a loved one need an immediate lawsuit loan in advance of your impending lawsuit settlement, please apply online HERE or call toll free at 877.571.0405 where agents are standing by.

Legal-Bay assists plaintiffs in all types of lawsuits, including commercial and mass tort litigation, personal injury cases, slip and fall accidents, property damage, car accidents, medical malpractice, wildfires, and many more. If you're looking for the lowest rates in legal funding, legal funding companies without broker, flat rate pricing or simple pricing legal funding companies, easy to use funding calculator, calculator for lawsuit loans, then Legal Bay is here to help.

Their loan for settlement funding programs are designed to provide immediate cash in advance of a plaintiff's anticipated monetary award. While it's common to refer to these legal funding requests as settlement loans, loans for settlements, law suit loans, loans for lawsuits, etc., the "lawsuit loan" funds are, in fact, non-recourse. That means there's no risk when it comes to loans in lawsuit settlements because there is no obligation to repay the money if the recipient loses their case. Therefore, terms like settlement loan, loans for lawsuit, loans on settlement, or lawsuit loan funds don't necessarily apply, as the "loan on lawsuit" isn't really a loan at all, but rather a stress-free cash advance.

For more information about lawsuit loans, please visit us HERE or call toll free at 877.571.0405 where a skilled agent can answer any questions you may have.

Announcements Commercial

LCM Releases Interim Results for the Half Year ended 31 December 2024

By Harry Moran and 4 others |

Litigation Capital Management Limited (LCM) has released the following announcement detailing its interim results for the half year ended 31 December 2024:

Highlights

  • Seven realisations in period generating A$51m of revenue
  • Net realised gains of A$37.4m (HY24: A$19.6m), with concluded investments generating a 3.67x multiple of cash invested (MOIC)
  • Total income of A$4.7m (HY24: A$21.6m) due to A$32m negative fair value movement driven by fair value write-offs on concluded investments 
  • Loss after tax for the period of A$8.4m (HY24: profit A$7.3m)
  • Net assets of A$181.8m (HY24: A$188.9m)
  • Book value per share of 86.3 pence (FY24: 94.4 pence)
  • Total new commitments of A$34m added in the period (HY24: A$90m)

Outlook

  • Fund management momentum accelerating, with Fund III on track for launch before 30 June 2025
  • New commitments expected to rebound in the second half of FY25.

Commenting on the results, Patrick Moloney, CEO of Litigation Capital Management, said: “The first half of the year reflected the inherent volatility of litigation finance. While we secured significant wins in two arbitration cases, we also faced setbacks with two class action losses at trial, which are now subject to appeal. Our transition to a fund management model continues to gain momentum, and as we scale, we expect to reduce financial unpredictability. We remain disciplined in capital allocation, focused on generating strong long-term returns for our investors and shareholders.”

LCM will be hosting a webinar for investors today at 11.00 a.m. The presentation is open to all existing and potential shareholders. If you would like to attend this presentation, please register using the following link:

The full release from LCM, including detailed financial breakdowns and the Chief Executive’s full statement, can be read here.

Announcements Commercial Fundraising

Tenadio Corp Completes $60 Million in Financing for Patent Litigation Program

By Harry Moran and 4 others |

Tenadio Corp, a consulting firm specializing in advising patent owners and inventors, announced it has completed an additional $60 million in financing for the Patent Capital Funding Program (“PCF”), a litigation finance program established by Tenadio’s founding principal, Michael Ciuffo. 

Waterford Capital, Inc., a Dallas, Texas based broker-dealer, was the sole placement agent for the transaction, which was privately placed with institutional investors. 

“The PCF Program is off to a great start for 2025. We are excited to have added new partners and participants in this round of funding and are very encouraged with recent events in patent litigation that will further strengthen our clients’ positions in defending the value in their intellectual property rights,” said Michael Ciuffo. 

“The Patent Capital Funding Program continues to be a reliable funding source for patent owners, having raised approximately $315 million in patent infringement litigation financing to date. We are so grateful for the collaboration of everyone involved, which is a key to the Program’s success, and we look forward to continuing its expansion,” said Dave Piotrowski, Managing Director of Waterford Capital. 

About Tenadio Corp

Tenadio Corp utilizes decades of experience in structured finance and litigation funding to develop optimal funding structures for patent holders and infringement litigation. Tenadio works with its advisors and partners to offer a full platform of patent litigation services, including patent valuation, monetization, funding options, and lead counsel selection. Tenadio provides a thorough evaluation of each patent infringement case, creating a structure that provides an attractive investment opportunity while simultaneously monetizing proceeds associated with future infringement cases. 

About Waterford Capital

Waterford Capital, Inc. is a leading arranger of litigation finance and other structured finance and asset securitization transactions. The firm arranges capital for clients in connection with patent infringement financing, asset-backed credit facilities, private placements of asset-backed securities, and whole loan sale programs. Waterford Capital is a registered broker-dealer and member FINRA/SIPC.