Publicly listed litigation funder Burford has canceled its final 2019 dividend and will reallocate bonus payments back into the business as it assures its investors that it has “more than sufficient” liquidity amid the COVID-19 pandemic.
The firm unveiled the measures in a stock exchange announcement on Thursday and said its CEO and CIO have committed to use their 2019 bonuses “to purchase Burford securities” once the company has released its results for the year ended 31 December 2019.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
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]