May 28, 2021
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 …
February 12, 2021
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 …
July 9, 2020
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 …
May 22, 2020
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 …
August 29, 2018
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 …
June 27, 2018
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 …
June 12, 2018
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 …
October 31, 2017
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 …
May 23, 2016
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 …
October 26, 2015
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 …