Third party

Shareholder action funder to back £400m Petrofac claim

15 February 2019

A specialist shareholder action funder is to back a £400m claim being prepared against oilfield service company Petrofac arising out of an alleged bribery scandal.

Australian funder hits town as Manolete unveils strong results

20 December 2018

Australian third-party funder Litigation Capital Management Limited – which has taken over London funder Chancery Capital – made its bow on AIM yesterday.

Burford unveils $1bn investment from sovereign wealth fund

19 December 2018

Leading third-party funder Burford Capital has announced nearly $1bn (£790m) in new funding, which it will support with $633m of its own capital, to facilitate its investments for up to four years.

High Court rejects funder’s bid for “mini-trial” of £14m claim

11 December 2018

Litigation funder Vannin Capital has failed to obtain summary judgment of its £14m claim against RBS shareholders it backed who then successfully sued the bank.

Litigation funder to list next week with £76m market cap

3 December 2018

Insolvency litigation funder Manolete is to raise £16.3m when it is admitted to AIM next week, it has announced. The selling shareholders will realise a further £13.1m.

Australian funder to list in UK as Woodsford sees cash boost

21 November 2018

An Australian third-party litigation funder is to join London’s AIM market in a bid to grow its business, it has announced. Meanwhile, Woodsford Litigation Funding has announced extra backing.

Enthusiasm for third-party funding continues to grow, says survey

25 October 2018

There is strong growth in the consideration and use of litigation finance in the UK, new research has found, with 63% of respondents saying their organisation’s use of it has increased in the last two years.

Burford creates £38m fund to back litigation run by women

11 October 2018

Top third-party funder Burford Capital has earmarked $50m (£38m) to finance cases led by women lawyers as part of a groundbreaking initiative designed to help close the gender gap in law by providing an “economic incentive for change”.

High Court halts £3bn action that “benefited lawyers and funders most”

8 October 2018

Lawyers and litigation funders would “by a considerable margin” be the main beneficiaries of any award in a representative action against Google over misuse of private data, the High Court has ruled in blocking the case going forward.

Burford’s growth continues to spiral with £193m fund-raise

2 October 2018

Burford Capital, the world’s largest litigation funder, has raised a further £193m ($250m) in less than 24 hours after an oversubscribed placing. The new shares were placed at 1850p, reflecting the extraordinary growth in the AIM-listed company’s share price.

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