CAT rules in favour of claimants and funders as trucks cartel dispute intensifies
The Competition Appeal Tribunal (CAT) has today (29 October) laid down a marker in the ongoing trucks cartel dispute, giving the go ahead for claimants to bring their case to court through litigation funding. The truck cartel dispute concerns six of the world’s largest truck manufacturers facing collective action claims. The European Commission dealt a …
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‘They’re lying’: Muddy Waters retaliates as Burford ramps up stock manipulation claims
The acrimony between Burford Capital and Muddy Waters has shown no signs of abating, with the litigation funder enlisting Quinn Emanuel Urquhart & Sullivan to chase the identities of traders who allegedly manipulated its shares. Quinn partner Richard East (pictured) submitted a statement to the High Court on behalf of Burford on Monday (30 September) which …
Victory for Mishcon and Blackstone heavyweight as Supreme Court rules Parliamentary suspension unlawful
Mischon de Reya and Blackstone Chambers are among the legal reputations seeing a significant boost this morning after securing a historic victory in the Supreme Court challenge to the suspension of Parliament by Prime Minister Boris Johnson. Unveiling its verdict this morning (24 September), president of the Supreme Court Lady Hale said that the advice …
Mud sticks to Burford amid intense row but dispute funders’ rise looks assured
‘Throw enough mud at a wall, and some of it will stick,’ the proverb says. But since US investor Muddy Waters published a scathing attack on third-party litigation funder Burford Capital on 7 August, the muck-slinging has not stopped. The charges in the 25-page report were devastating. Having labelled Burford a ‘poor business masquerading as …
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Vannin Capital ends flotation plans after acquisition by private equity house Fortress
High-profile litigation funder Vannin Capital has been acquired by private equity house Fortress almost a year after shelving its planned initial public offering (IPO) due to market volatility. The buyout sees Fortress acquire 100% of the equity in Vannin from existing shareholders, including majority owner Bramden investments, with private equity backing now preferred over a …
Controversy surrounds Burford as executive is accused of trading documents for sex tape
An executive at under-fire Burford Capital has been accused of unlawfully exchanging confidential documents for a sex tape in a lawsuit filed at the High Court in London, adding another battle for the litigation funder. In the lawsuit, the company’s co-head of its global corporate intelligence, asset tracing and enforcement business, Daniel Hall, is alleged …