Tag Archives: Litigation Finance

Vehicles sit parked outside a Toys R Us Inc. retail store in Louisville, Kentucky, U.S., on Monday, Sept. 18, 2017. Toys R Us Inc., which has struggled to lift its fortunes since a buyout loaded the retailer with debt more than a decade ago, is preparing a bankruptcy filing as soon as today, according to people familiar with the situation. Photographer: Luke Sharrett/Bloomberg

Bentham Announces New Unit to Invest in US Bankruptcy Claims

Bentham Announces New Unit to Invest in US Bankruptcy Claims

Having raised $200 million earlier this year, the Australian litigation finance firm Bentham IMF will begin investing in U.S. bankruptcy claims and has made two hires to support its new foray. On Monday, the firm announced it hired Ken Epstein, who joins from bond insurer MBIA, as an investment manager and legal counsel to lead

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Litigation Finance Start-Up Expands Offerings

A start-up litigation finance firm is expanding its offerings, the latest sign of a shifting market for outside investment in lawsuits. Today, LexShares, an online platform that allows investors to finance lawsuits, announced that it will start offering clients litigation finance on a portfolio basis — whereas in the past, it only offered investors the ability to

Scales of Justice with Clock and Cash Money

Business of Litigation Finance (Audio)

Managing Director at Burford Capital, Travis Lenkner, discusses a less public side of litigation, the business of investing in a law firm’s cases. He speaks on Bloomberg Radio’s “Bloomberg Law.” Subscribe to the Big Law Business podcast on iTunes. Want to receive more stories like this in your inbox every morning? Subscribe to our daily newsletter!   http://traffic.bloomberg.fm/BLM5311092112.mp3  

Judge Shira A. Scheindlin at Big Law Business Summit

UK Litigation Funder Eyes Untapped Parts of US Market

As the market for litigation funding continues to mature, more and more investors view the U.S. as the logical place to expand. On Monday, U.K.-based Woodsford Litigation announced it plans to open an office in Philadelphia, and has tapped former U.S. District Judge Shira Scheindlin, who is currently retired from the bench, as an advisor


Lawyers Clean Up as Litigation Finance Business Booms (Audio)

Paul Barrett, an editor for Bloomberg Businessweek, discusses the growing business of litigation finance, in which law firms sell an interest in potential recoveries from lawsuits. He speaks on Bloomberg Radio’s “Bloomberg Law.”   https://assets.bwbx.io/av/users/iqjWHBFdfxIU/vvAmlfoM0Ges/v2.mp3     Big Law Business interviewed Christopher Bogart, CEO of Burford Capital, in 2015 about his firm’s litigation finance process.  

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The Business of Litigation Finance Is Booming

By Paul Barrett, Bloomberg Businessweek The buying and selling of lawsuits — a decade-old practice in the U.S. known as litigation finance — continues to expand. Consider Pierce Sergenian, a six-lawyer trial boutique started this year by John Pierce and David Sergenian, refugees from the litigation powerhouse Quinn Emanuel Urquhart & Sullivan. The new firm

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After Wachtell Hire, Litigation Financier Lays Out Business Plan

Litigation finance firm Lake Whillans is in expansion mode. Fresh off announcing the hire of Wachtell, Lipton Rosen & Katz associate Garrett Ordower, the firm’s founder Lee Drucker said he plans to add another lawyer from a “Wachtell esque” law firm in the next three months and has closed a $50 million investment from the University

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Michigan Endowment Plans to Invest in Litigation Fund

By Janet Lorin, Bloomberg News The University of Michigan plans to invest $50 million with a fund co-founded by Boaz Weinstein and Lee Drucker that specializes in litigation strategy. Lake Whillans Fund I, based in New York and Palo Alto, California, provides funding for commercial litigation involving breach of contract or trade secret misappropriation, according

Richard Cordray, director of the U.S. Consumer Financial Protection Bureau (CFPB), swears into a House Oversight and Government Reform Subcommittee hearing in Washington, D.C., U.S., on Tuesday, Jan. 24, 2012. Photographer: Andrew Harrer/Bloomberg

Hedge Fund Sues GOP-Hated Regulator for Exceeding Its Authority

By Matt Robinson and Elizabeth Dexheimer, Bloomberg News A financial regulator long vilified by Republican lawmakers is facing new allegations that it’s exceeding its authority, this time by a hedge fund under investigation in part for legal settlements tied to a 1983 terrorist attack. RD Legal Funding sued the Consumer Financial Protection Bureau in federal

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Burford Purchases Gerchen Keller for $160M

Burford Capital LLC, the litigation finance firm, has agreed to acquire its onetime rival Gerchen Keller Capital in a $160 million deal. The firms are two of the best known in the legal industry for what they do: lending law firm partners money to support their cases. Burford was co-founded in 2009 by its CEO