Third party
Burford goes to court to force LSE to identify “manipulators”
Burford has launched proceedings against the London Stock Exchange to force it to reveal the identities of market “manipulators” who wiped almost £1.7bn off the value of its shares last month.
Eversheds scores big-ticket work with funding offer
Global firm Eversheds Sutherland has launched ‘Total Dispute Finance’ in a push that it says has already attracted high-value work from competitors.
Augusta raises another £93m as funding demand grows
Augusta, which claims to be the UK’s largest litigation and disputes funder by case volume, has unveiled its latest fund raising, bringing in $115m (£93m) from an unnamed US-based investment manager.
Listed funder reports 235% rise in applications
AIM-listed litigation funder LCM received 419 applications for funding in its last financial year, an increase of 235% – but only agreed to fund 3% of them – its annual results have shown.
Vannin snapped up by US investment manager
Litigation funder Vannin Capital – which last year shelved a stock market listing – has now been bought by US investment manager Fortress, which is owned by Japan’s SoftBank.
Burford: Outright win in spotlighted case “was not required”
Litigation funder Burford Capital has described one of the agreements that has come under scrutiny in recent weeks as one where an outright win in the underlying case was not required.
US firm launches class action over Burford share crash
The first shareholder class action against litigation funder Burford Capital arising out of the recent report by US short seller Muddy Waters has been filed in New York.
Burford bows to pressure to reform governance
Burford Capital has bowed to pressure over its approach to corporate governance by announcing plans for a dual listing in the US, fresh directors and a new chief financial officer.
Burford shares tumble again despite manipulation “evidence”
Shares in third-party funder Burford Capital fell sharply again yesterday despite its claim that trading patterns behind last week’s share price collapse were “consistent with illegal market manipulation”.
Now Quindell short seller takes aim at Burford
The US short seller who caused Quindell huge problems five years ago has weighed in on Burford Capital too, describing the litigation funder as “inappropriately financed”. Daniel Yu, founder of Gotham City Research, also argued that short sellers were “important… Read More
Blog
Lomax and the irresistible rise of ADR
A recent decision in the Court of Appeal concerning ADR is striking for a number of reasons, not least of which is the perceived restriction of the citizen’s right to exercise his or her right to a fair trial.
