Juridica Investments Ltd., one of a handful of major commercial litigation funders, said Wednesday that it is halting investments in new cases and cutting costs in the wake of courtroom setbacks. The news comes amid accelerating interest in litigation funding, including at many Am Law 100 firms.

The Guernsey-based company announced that it has decided to freeze its portfolio and focus on existing investments at the prompting of its shareholders. Juridica is one of just three publicly listed litigation funders worldwide, and it helped to pioneer the business in the U.S. market. It currently has $200 million in assets under management, the company reported.