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Regulatory and legal issues surrounding the burgeoning litigation finance market, as well as deals, financials, and analysis of how litigation funding is changing the practice of law.
By Ross Todd | October 11, 2023
In a roundtable published by litigation funder Burford Capital, leaders at Morgan Lewis, Gibson Dunn, Mayer Brown and Proskauer discuss the client- and firm-side motivations behind the growth in Big Law contingency practices.
6 minute read
By Amanda O'Brien | October 5, 2023
When Philadelphia-based Sacks Weston declared bankruptcy in August, it became the latest firm to do business with Virage Capital and then hit the skids.
11 minute read
By Amanda O'Brien | September 13, 2023
A bankruptcy judge found the firm could continue to use the approximately $98,000 left in its operating and payroll accounts for now. Litigation funder Virage Capital, owed $14 million, wants the funds to be categorized as cash collateral.
3 minute read
By Alex Anteau | September 12, 2023
"If I thought King & Spalding had a great lawsuit, I would have expected to see Jim Butler sitting there because there's so much money," said defendant-appellee attorney J. Randolph "Randy" Evans of Squire Patton Boggs
6 minute read
By Emily Cousins | September 12, 2023
The defendant said if the court enforced the ketubah, it would "violate the establishment clause by entangling the trial court in religious matters," the opinion said.
4 minute read
By Amanda O'Brien | September 12, 2023
Virage Capital asserts that the two partners at the bankrupt Philadelphia firm have been misusing collateral pledged to a 2017 loan that's now in arrears.
5 minute read
By Jack Womack | July 26, 2023
The country's top court has ruled that damages based agreements by litigation funders in competition cases are unenforceable.
4 minute read
By Adolfo Pesquera | July 24, 2023
"Emboldened by the Tribunal's Award, Burford has demanded that Sysco withdraw the stay motions it has filed in the underlying antitrust litigations and initiate an entirely new lawsuit against a number of Sysco's key suppliers," the U.S. Chamber of Commerce said.
5 minute read
By Paul Hodkinson | July 20, 2023
Christopher Bogart says it is a 'tragedy' that the UK legal regulator has caused the country to miss the opportunities of market liberalization reforms.
4 minute read
By Mark Eveland | July 13, 2023
The Texas Two-Step is a bankruptcy process in which a solvent corporation spins off certain liabilities into a new and undercapitalized subsidiary and then has the subsidiary declare bankruptcy.
10 minute read
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