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 …
HFW ramps up litigation prospects with £25m funding deal and analytics partnership
HFW has scored a litigation ‘win-win’ after adding both a £25m litigation funding deal and a litigation analytics partnership to its practice. The firm announced today it was partnering with both litigation start-up Solomonic, which launched commercially at the start of the year and uses court data for predictions and case research, and with litigation funder …
Prohibitively expensive: Pinsent lands £25m litigation funding deal
Pinsent Masons has secured a £25m preferred-supplier deal with litigation funder August Ventures to offer ‘non-recourse’ funding at better terms than would normally be available. Clients will have access to a dedicated facility at preferred rates and a fast-tracked due diligence process, while Augusta will also refer some clients to Pinsents.
The private client debate: A family affair
Mark McAteer, Legal Business: Is there much appetite within family offices to forum shop? And whose responsibility is it to make them aware of the options available? Jonathan Conder, Macfarlanes: If it is brand new, for sure. It is one of the first bits that we end up covering.