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Category Archives: Litigation Funding. Litigation Industry

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Litigation Funders Continue Growth and Expansion – Burford Buys Out Gerchen Keller

Posted in Litigation Funding. Litigation Industry, Litigation Industry
Burford Capital is acquiring Gerchen Keller, as described in a December 14, 2016 article in the Wall Street Journal. According to the article, the combined entities will have over $1 billion in assets and about 80 employees.  For a free article, see the December 15 article at the Global Legal Post.  The transaction of course… Continue Reading

Litigation Funding – A Look Back and to Note Chicago is Now Home for the World’s Largest Litigation Funding Company – Gerchen Keller Capital LLC

Posted in Litigation Funding, Litigation Funding. Litigation Industry, Litigation Industry, Mass Tort Issues
Chicago is now home to the world’s largest litigation funding source. It is Gerchen Keller Capital LLC. which just announced raising  a new fund of $475 million, and that it and adjuncts have an additional $800 million under management.  The new press release is pasted below. For even more color on Gerchen Keller and its… Continue Reading

Hank Greenberg Using Litigation Funding for His Suit Against the Government

Posted in Litigation Funding. Litigation Industry, Litigation Industry
The US Chamber of Commerce attacks litigation funding almost everyday as to use by plaintiff lawyers involved in product liability litigation (ok, maybe not quite that often, but it is a constant theme). On the other hand, Hank Greenberg, former CEO of AIG, is using litigation funding to pay part of David Boies’ fees for… Continue Reading

Another Commitment to Litigation Financing

Posted in Litigation Funding. Litigation Industry
Another sign of the times in an article from DealBook. Yet another senior finance person is now making a commitment to the litigation funding industry, which continues to grow. In this instance, the person is "William H. Strong, co-chief executive of Morgan Stanley’s operations in the Asia-Pacific region, whose retirement was announced last month, plans… Continue Reading

Litigation Funders Turning Profits, and Chicago Gets Its Own Funding Group

Posted in Litigation Funding. Litigation Industry
Litigation funding. Some years ago, RAND, GlobalTort, and some others saw funding as a big deal. Others denied and complained, and indeed the US Chamber of Commerce  continues to complain instead of finding the silver linings that certainly do exist.  Today, litigation funders are generating significant profits, and now Chicago has its own litigation funding group… Continue Reading

Litigation Funding Updates

Posted in Litigation Funding. Litigation Industry
Years ago, it was obvious litigation funding would significantly change the litigation industry, and it continues to grow and thrive. Updates are available on AmLaw and D & O Diary. The D & O article includes a good set of links, but they are accompanied by some of the usual insurance industry’s nonsensical handwringing about financial… Continue Reading

The Financial Times Refocuses on Litigation Funding

Posted in Litigation Funding. Litigation Industry
The Financial Times is once again focusing on litigation funding, this time with an article on litigation funding investments simply as an asset class. The article also includes comments on the existing litigation portfolio at Juridica. It’s important to keep watching this field. Despite objections and denials from the US Chamber of Commerce and others,… Continue Reading

Litigation Funding Seminar for International Association – June 25 – Fordham Law School

Posted in Litigation Funding. Litigation Industry
Litigation funding for international arbitration takes center stage on June 25  for a New York State Bar Association seminar at Fordham law School.  Registration is here. As always, Selvyn Seidel is one of the speakers, and the fee is very modest at $ 75. The agenda is pasted below: Themes and Objectives A commercial claim is… Continue Reading

Litigation Loans – One More Part of the Story from the Series by the NYT and Citizens for Public Integrity

Posted in Litigation Funding. Litigation Industry
This past Sunday’s NYT  brought this latest article in a series on litigation funding. The story, in short, covers the the high price of  some forms of litigation funding, and provides some information about states regulating the process.   One hopes that future articles will touch on related subjects not mentioned in the article. For example, whether the price will come… Continue Reading

ABA Opens a Working Group to Study Litigation Funding – Comments Invited

Posted in Litigation Funding. Litigation Industry
Susan Beck from AmLaw reports here on the ABA creating a working group to look at litigation funding. The ABA announcement is here. Comments are due by February 15, 2011. The ABA paper presents a sensible set of issues and ethical concerns. For example, consider this Delaware ruling on privilege in the context of litigation funding. … Continue Reading

Litigation Funding in Divorce Cases – The Next Chapter in the NYT Series on Litigation Funding

Posted in Litigation Funding. Litigation Industry
Yesterday’s Sunday NYT included this front page article by Binyamin Appelbaum. The article  presents the latest chapter in an ongoing series on litigation funding. This article focuses on litigation funding in divorce cases. A sidebar note explains: "Articles in this series — which is a collaboration between the Center for Public Integrity, a nonprofit journalism group in Washington,… Continue Reading

Litigation Funding – Series of Articles Started by the NYT and The Center for Public Integrity

Posted in Litigation Funding. Litigation Industry
Here is the first article in a promised series on litigation funding. A note at the end of the article states:  "This project was initiated by the Center for Public Integrity, a nonprofit investigative news organization in Washington. It is based on reporting by Ben Hallman of the center and Binyamin Appelbaum of The Times, and… Continue Reading

New Opinion Relating to Litigation Funding, Joint-Interest and Legal Privilege

Posted in Litigation Funding. Litigation Industry
 This AmLaw article by Andrew Longstreth addresses a new opinion on privilege in the context of case with litigation-funding in place. The article is well worth reading for background, but seems to me a bit gloomier than is warranted as to the impact for litigation funding. The article also is amusing for the addition of a later… Continue Reading

Litigation Funders – Not Quite Rock Stars, But the Cover of AmLaw’s Litigation 2010 is Pretty Good for Lawyers

Posted in Litigation Funding. Litigation Industry
It’s not quite the rock star niche Dr. Hook described when he sang about the status achieved from appearing on the cover of Rolling Stone, but litigation funders Selvyn Seidel and Rick Fields did make the cover of American Lawyers’ supplement magazine, Litigation 2010.  The related article is titled “London Calling,” a reference to Messrs. Seidel and Fields leading litigation funding businesses… Continue Reading

Litigation Funders Move Towards Whistleblower Cases

Posted in Litigation Funding. Litigation Industry
 New York Times ran this interesting article by David Kocienewski on litigation funders moving towards buying interests in IRS whistle blower cases. One litigation funder sees this as a growing market.  "David Desser, whose capital management firm specializes in litigation finance, said the market was likely to expand once the I.R.S. awarded its first whistle-blower… Continue Reading

Banks in Australia Face Massive Billion Dollar Class Actions Over Excessive Fees – Litigation Funders Once Again Seem to be Making it Happen

Posted in Litigation Funding. Litigation Industry
Courtesy of a friend in Australia, note this  Sydney Morning Herald article  by Adele Ferguson and Michael West on huge new billion dollar class actions against banks in Australia. The class actions arise from excessive bank fees. Litigation  funder IMF Australia, mentioned yesterday in this post,  is once again said to be squarely behind the litigation action.  Maybe… Continue Reading

Litigation Funding Changing The Game to Open Access to Courts in Australia; RAND Litigation Funding Conference on May 20 and 21 in DC Area

Posted in Litigation Funding. Litigation Industry
D & O Diary reports on and links to a new NERA study of the rapidly increasing rate of securities class actions in Australia. Of note, a major factor is said to be litigation funding provided by IMF (Australia) Ltd. The IMF firm is contributing one of several excellent speakers at a May 20 and 21 RAND… Continue Reading