Third-party litigation funder Burford Capital took advantage of favorable news from the U.S. Supreme Court on Monday to announce the sale of a 10% share in one of its investments for $100 million.

This is not the first time that Burford has offloaded a stake in the case, Argentine Republic v. Petersen Energia Inversora S.A.U., which involves a bankrupt investor in one-time state-owned petroleum company YPF suing Argentina and the company over its 2012 expropriation. But now that the Supreme Court has elected not to hear an appeal over whether U.S. courts had jurisdiction over the matter, the value of the case is growing.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]