litigation financing News

Australia Weighs Capping Fees for Litigation Funders, Lawyers as Class Actions Surge

SYDNEY – Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for plaintiffs, in its latest clamp down on the industry following a surge in costly class action lawsuits. Australia’s government last …

Investors Eye Windfall From Denied COVID-19 Insurance Claims

A growing market niche where investors profit from others’ legal troubles is getting a boost from Covid. Distressed-investing funds and litigation-finance boutiques are likely to be spoiled for choice after a landmark U.K. court ruling last month rejected pleas from …

Litigation Funding Firm’s Profit Outlook Brightens on Coronavirus Disputes

Analysts have rapidly lifted their earnings forecasts for a global litigation financier on expectations that the pandemic could spark more legal disputes. Forward consensus earnings estimates for Sydney-listed Omni Bridgeway Ltd. have more than doubled since the start of the …

Australia Clamps Down on Litigation Funders Following Surge in Class Action Lawsuits

The Australian government is tightening regulatory scrutiny of wealthy litigation funders, clamping down on the industry following a surge in costly class action lawsuits. Treasurer Josh Frydenberg said on Friday that litigation funders will be required to hold an Australian …

Litigation Financing Emerges as Alternative Asset Class for Wealthy Investors

When shares of AMP Ltd. plunged earlier this year after the firm was engulfed in a fee-for-no-service scandal, the Australian wealth manager was hit within weeks by the first of five separate class action lawsuits. It wasn’t just the seriousness …

Soros Sees Mighty Big Gains in Investment Portfolios Made Out of Lawsuits

The billionaire George Soros has found a new way to make money from personal-injury lawsuits. Soros Fund Management is pushing into a branch of litigation finance that few hedge funds have entered. His family office is bankrolling a company that’s …

How to Get Really Rich Off Litigation Financing: Viewpoint

Top corporate lawyers can take home millions of dollars a year, but until recently it was all but impossible for investors to share in the spoils — only a handful of U.K. and Australian law firms have gone public and …

Investors in Litigation Financing Target Commercial Auto

Investor-funded litigation is not new but it is expanding its reach in commercial auto cases, according to experts in the field. Panelists at the 2017 Risk Management Summit in Las Vegas, Nev., addressed the growing trend of investor funded litigation …

Pelvic Mesh Maker Alleges Doctors, Lawyers, Litigation Funders Schemed to Inflate Damage Claims

American Medical Systems, a major defendant in litigation over controversial vaginal mesh devices, is accusing “a pyramid of businessmen, doctors and lawyers” of luring women into unwarranted surgeries to remove the implants and inflate their damages claims. The company, a …

Injury Claims Become Commodities with Litigation Funding, Claim Aggregation

For all the black robes and ceremony, the American legal system often operates more like a factory assembly line than a citadel of individualized justice. Ninety- five percent of criminal prosecutions end in plea deals. Many defective-product claims settle in …