LexShares Provides Closer Look at Litigation Funding Sourcing Technology
Artificial intelligence may be helping to find potential litigation investments, but it is a long way from making investment decisions on its own.
July 31, 2018 at 01:58 PM
1 minute read
LexShares' Diamond Mine technology. announced for the first time Tuesday which scours court filings a former technology investment banker industry's largest players Jay Greenberg. LexShares raised $25 million last year to fund litigation which launched its first marketplace fund LexShares also announced Tuesday Weil, Gotshal & Manges now-defunct Dewey & LeBoeuf seek new revenue streams another former Latham & Watkins partner record profits for the first half of 2018 Kobre & Kim new $30 million litigation finance fund
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Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
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