On the Move: May 2, 2024
Community Resource Center, Percy.ai, Westfleet Advisors announce updates
Source: nashvillepost.com
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$2.7 Billion of Capital Committed in U.S. Commercial Litigation Finance Industry in 2023
/PRNewswire/ -- Providers of commercial litigation financing in the United States committed nearly 14% less capital to new financing deals, and their assets...
Source: prnewswire.com
Litigation Funder Run by Harvard Dropouts Wades Into Port Spat
Legalist, a San Francisco alternative asset manager run by Harvard University dropouts, has invested money in a leaseholder’s effort to collect $124.5 million from the Port of Lake Charles in southern Louisiana.
Source: bloomberglaw.com
Outside Funders Fuel Bankruptcy Lawsuits
A loan to fund litigation over ownership of an oil driller has itself spawned a lawsuit in bankruptcy court, an increasingly fertile ground for investing in legal claims
Source: livemint.com
Litigation Funders Deployed $3.2 Billion In U.S. Investments Last Year
Companies that finance U.S. commercial lawsuits in exchange for a cut of any recoveries upped their investments last year, committing $3.2 billion, according to a new report.
Source: ibtimes.com