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.
An “ambiguous” CFA needed to be interpreted by reference to the “commercial common sense of the relationship” between a law firm and ATE insurer, the High Court has ruled.
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.
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 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.
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”.
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
Burford Capital has today issued a 5,000 word “rebuttal” to what it called the “false and misleading” short attack report issued by Muddy Waters, which more than halved its share price.