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.
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