Fortress Has Plowed $6 Billion Into Other Companies’ Lawsuits October 20, 2023 By Laura Benitez Fortress Investment Group LLC is pitching an investment opportunity within an increasingly popular yet controversial corner of finance — funding...
Litigation Financing: A Dangerous Game or Levels the Courtroom Playing Field? July 25, 2023 By Jim Sams In insurance defense attorney Dennis Kass’ world, litigation financing firms lurk behind the scenes, pushing plaintiffs to undergo as much...
New York Attorney Sentenced in Multi-Million Dollar Litigation Financing Scheme July 29, 2022 A disbarred New York lawyer was sentenced yesterday to 36 months in prison for defrauding investors in his now bankrupt...
Markets/Coverages: Palisade Legal Risk MGU; Tokio Marine Kiln IP Abatement; Marsh Cybersecurity Marketplace April 12, 2022 Palisade Partner Launches Specialty Managing General Underwriter Palisade Insurance Partners, a specialty managing general underwriter, has been launched with plans...
Hedge Funds Turn Lawsuit Bets Into a $39 Billion Industry November 16, 2021 By Ellen Milligan and Katharine Gemmell Hedge funds, private equity and sovereign wealth funds are piling billions into the outcome of high stakes court cases at...
Australia Weighs Capping Fees for Litigation Funders, Lawyers as Class Actions Surge May 28, 2021 By Paulina Duran SYDNEY – Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for...
Investors Eye Windfall From Denied COVID-19 Insurance Claims February 12, 2021 By Jef Feeley and Lucca de Paoli A growing market niche where investors profit from others’ legal troubles is getting a boost from Covid. Distressed-investing funds and...
Litigation Funding Firm’s Profit Outlook Brightens on Coronavirus Disputes July 9, 2020 By Jackie Edwards Analysts have rapidly lifted their earnings forecasts for a global litigation financier on expectations that the pandemic could spark more...
Australia Clamps Down on Litigation Funders Following Surge in Class Action Lawsuits May 22, 2020 The Australian government is tightening regulatory scrutiny of wealthy litigation funders, clamping down on the industry following a surge in...
Litigation Financing Emerges as Alternative Asset Class for Wealthy Investors August 29, 2018 By Emily Cadman When shares of AMP Ltd. plunged earlier this year after the firm was engulfed in a fee-for-no-service scandal, the Australian...