Papers Filed in VW Emissions Battle – Backed by Co-Financing Deal

Slater & Gordon the law firm representing more than 50,000 UK car owners has accused the car giant of insulting consumers’ intelligence by refusing to admit wrongdoing in the alleged emissions cheating scandal. In papers filed at the High Court on Friday the 6th of July, Volkswagen denied it had deceived consumers by designing and … Continue reading Papers Filed in VW Emissions Battle – Backed by Co-Financing Deal

Validity Finance – Launched by Industry Pioneer Ralph Sutton

“We’re entering a new wave of funding” stated Ralph Sutton. Ralph was formerly the chief investment officer at Bentham IMF. On Tuesday the 26th of June Ralph announced the formation of Validity Finance to provide businesses, law firms and individuals with non-recourse funding for a wide variety of commercial litigation. “We’re entering a new wave … Continue reading Validity Finance – Launched by Industry Pioneer Ralph Sutton

Class Action Representative Personally Liable for $1.7 Million Dollar Costs Award

The case was commenced by all Pet Valu franchisees alleging breach of contract and breach of the Arthur Wishart Act (Franchise Disclosure), 2000, amongst other complaints. This Class Action lasted a total of 7 years. The Class Action was led by a representative plaintiff who lead the litigation on behalf of all the franchisees. The … Continue reading Class Action Representative Personally Liable for $1.7 Million Dollar Costs Award

Burford Claims $140M In Argentina Arbitration Win

Burford Claims $140M In Argentina Arbitration Win Burford Capital has announced a big win in their litigation funding efforts. The case was originally brought in 2008 on behalf of the airline Aerolíneas Argentinas who had become bankrupt. The final decision was handed down on Friday the 21st of July 2017. A three-person panel established at the … Continue reading Burford Claims $140M In Argentina Arbitration Win

The Advent of What Has Come to be Known as Divorce Funding.

Many readers may be familiar with Nicole Noonan and her company New Chapter Capital. Even more so recently after Therium announced they had acquired her company. Nicole spoke with Funding Litigation to tell us more about the industry and her journey. Divorce funding, as a concept was started in UK in the early 2000’s. As … Continue reading The Advent of What Has Come to be Known as Divorce Funding.

High Court Orders Security for Costs Against a Third-Party Funder In RBS Rights Issue Case

A security for costs issue has been granted against a commercial litigation funder in The RBS Rights Issue Litigation [2017] EWHC 1217 (Ch). Notably the costs order was granted against the professional funder and not against another third party who is not in litigation funding as a business. The rationale being their participation in the … Continue reading High Court Orders Security for Costs Against a Third-Party Funder In RBS Rights Issue Case

Burford Sells 15% of Their Interest In The Peterson Group Lawsuit For $66 Million Dollars

Burford Capital Ltd announced yesterday that they have  sold a further tranche of participation interests in possible future proceeds from its investment in the Petersen lawsuit. The Petersen lawsuit is a multi-billion dollar litigation against Argentina following its nationalisation of energy company YPF in 2012. Background Liquidators Petersen Group originally held a 25% stake in … Continue reading Burford Sells 15% of Their Interest In The Peterson Group Lawsuit For $66 Million Dollars

Scotland Moves Toward Disclosure Of Third Party Funding

On the 1st of June 2017 the Scottish Government introduced the Civil Litigation (Expenses and Group Proceedings) Bill. Most of the discussion to date has centred around the introduction of Damages Based Agreements and Speculative Fee Agreements. For those avid readers of this blog, however, Part 2 Section 10 is likely to be of deep … Continue reading Scotland Moves Toward Disclosure Of Third Party Funding