Fast-growing litigation funder Vannin Capital has appointed former Allen & Overy senior partner David Morley as chair ahead of a planned IPO on the London Stock Exchange.
The company announced today (10 September) that it planned to issue £70m of new shares and sell part of the shares held by existing shareholders in a float expected to take place in October. Continue reading “‘Litigation finance is here to stay’: Former A&O senior partner Morley joins Vannin ahead of IPO”
UK law firm Shepherd and Wedderburn has announced an eight figure sum portfolio-based litigation finance deal with Burford Capital for the first time to fund current and upcoming litigation the firm is handling.
The arrangement is the first to be offered by a top 100 UK firm with a litigation funder. City-headquartered Shepherd and Wedderburn has offices in London, Edinburgh and Glasgow. Continue reading “Shepherd and Wedderburn secure ‘substantial eight figure’ Burford litigation finance deal”
The Competition Appeal Tribunal (CAT) has today (21 July) ruled against certifying one of the first US-style £14bn opt-out consumer damages antitrust class actions, against payment giant MasterCard, in what would have been the UK’s largest claim.
CAT president Mr Justice Roth ruled against allowing the collective proceedings application on grounds that potentially disparate groups of claimants could not form a single class action for the purposes of this claim, regardless of the means of payments used or the retailer from whom the purchase was made. Continue reading “Court rejects landmark application for £14bn class action against MasterCard in Freshfields win”
Competition boutique Hausfeld is partnering with litigation funder Burford Capital to offer a financing package for UK claimants to pursue follow-on damages claims against the participants in a truck manufacturing cartel.
Continue reading “Hausfeld takes the wheel in truck cartel damages claim with funding from Burford”
The Road Haulage Association (RHA) has secured full funding from Therium Capital for its £3.9bn competition damages class action against truck manufacturers fined the highest-ever sum for a price-fixing cartel, as it seeks more UK claimants to join the case.
Continue reading “RHA secures Therium funding for claimants in £3.9bn trucks cartel class action”
Litigation finance outfit Burford Capital has seen its turnover soar 59% to $163.4m in a year which saw the financer aggressively expand with a US merger. Profit after tax was also up 75% to $115m, while the listed company now manages $2.3bn for legal finance. Continue reading “‘Our business has evolved’: Burford Capital income rises by 60% as demand for litigation finance grows”
Litigation funding company Burford Capital is set to acquire Chicago-based investment manager Gerchen Keller Capital for $160m to create a firm with $1.2bn in assets in ongoing cases. Continue reading “‘The clear leader’: Burford Capital merges with US rival Gerchen Keller to create funding powerhouse”
The high-profile Excalibur dispute continues to haunt Clifford Chance (CC) as London’s Court of Appeal has handed down a critical ruling, saying the Magic Circle firm had an ‘an acute conflict of interest’ on the case.
Taylor Wessing has advised UK digital wealth management startup Nutmeg on its latest funding round, the biggest fintech fund raise since the Brexit vote.
Continue reading “Taylor Wessing guides UK fintech newcomer Nutmeg on latest funding round”
After receiving a licence in January, Burford Capital has launched its own Alternative Business Structure (ABS) Burford Law, with the hire of Akin, Gump, Strauss, Hauer & Feld‘s Tom Evans.
Continue reading “ABS rising: Burford Capital launches its own law firm with Akin Gump hire”
