Latest representative action targets Apple over App Store
Class action law firm Hausfeld has launched the latest opt-out representative action, a £1.5bn claim against Apple on behalf of nearly 20m UK iPhone and iPad users. Vannin Capital is backing the claim.
Money from third-party funder not caught by client’s worldwide freezing order
Money provided to solicitors by third-party funders were not caught by a worldwide freezing order imposed on their client and so they were not in contempt of court, the High Court has ruled.
Retaining shares following litigation did not trigger DBA payment
A client who retained shares as part of a settlement but did not recover anything from the other party was not liable to pay his solicitors anything under a DBA, the High Court has ruled.
UK litigation funders holding record £2bn of assets on balance sheets
The value of the pipeline of court cases and cash held by the top UK litigation funders has increased to a record of £2bn, City law firm RPC has reported.
Corporate advisors aim to persuade companies to see upside of litigation
A financial advisory firm that guides in-house lawyers on how best to fund litigation is urging them to see disputes as assets that they can turn into working capital for their businesses.
Level and Burford unveil funding boosts
Level, a litigation funder that specialises in family law, probate and other private client matters, has secured a £20m investment, while Burford has increased its planned $350m raise.
Regulator eyes greater role for legal expenses insurance
The Legal Services Board is set to explore whether and how legal expenses insurance can help to reduce unmet legal need, it confirmed this week.
Burford to raise $350m as it unveils record results
Top litigation funder Burford Capital is raising a further $350m (£255m) through debt in the wake of another record-breaking year that saw its income from investments top $500m for the first time.
