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Burford Capital and Longford Capital Management executives say that Arizona’s loosening of legal industry regulations opens the door for them to co-own law firms. They predict that with Arizona no longer requiring lawyers to own firms—and other states considering similar steps—law partners will increasingly consider the benefits of non-attorney ownership stakes. 
Australian fashion designer Katie Perry is taking on pop superstar Katy Perry in a 'David and Goliath' fight about using the iconic name to sell clothes. Katie trademarked her name in 2008 just as Katy Perry became a smash hit. LCM is backing the case. 
A hearing to deal with the application for a Collective Proceedings Order (CPO) in the Mark McLaren legal action on behalf of UK consumers and businesses who purchased or leased new cars and vans took place last week. Woodsford is backing the claim.
Match Group has announced that it will pay Tinder’s co-founders and original team $441 million to settle a years-long lawsuit over allegations that Match Group purposely undervalued the startup in an effort to avoid paying out billions of dollars in equity. Bench Walk Advisors backed the plaintiffs in the claim.
David Walker of Deminor shares his takeaways from the outcome of the Lloyd v Google case, predicting that “opt in” actions will likely be the focus of group litigation in the near future.
Listed litigation funder Manolete has secured a £35m finance package from HSBC UK to support its future growth plans. The funding includes a £25m revolving credit facility with a £10m uncommitted accordion that will allow the company to invest in and fund new cases over the coming months and years. Manolete currently owns and manages over 260 insolvency cases.
The Superior Court of Quebec has released a decision rejecting a litigation funding agreement in the insolvency proceedings of Fortress Global Enterprises (TSX:FGE). The Court refused to approve the litigation funding agreement because it placed limits on Omni Bridgeway's obligation to fund an eventual adverse costs award. Specifically, under the agreement, Omni had no obligation to pay adverse costs awards relating to costs incurred prior to the approval of the agreement or after its termination.
London-based asset manager Signal Capital has announced the hiring of new director Zachary Krug to lead its newly launched strategy in litigation finance and legal assets. Krug's focus will be to work with law firms, legal service providers and claimants in high-value disputes on a global basis, as well as offering non-dilutive capital solutions to entities with legal assets or IP holdings. Prior to joining Signal, Krug was a Senior Investment Officer at Woodsford Litigation Funding in London, where he helped oversee the growth of its U.S. and international disputes portfolio. Before that, Krug was also a litigator at Quinn Emanuel in Los Angeles and Shearman & Sterling in New York and clerked for the Honorable Shira A. Scheindlin in the Southern District of New York.
Burford Capital has announced a number of new hires across its global business that bring its headcount to over 140 employees, 66 of whom are lawyers. In addition to new hires in New York, Washington and Chicago, Senior Vice President Dr. Jörn Eschment has relocated to Switzerland to oversee the growth of Burford’s substantial business in the DACH region of Germany, Austria and Switzerland.
One of the key projects of the New York University School of Law's Center on Civil Justice has been the creation of a Dispute Financing Library, which was officially launched in 2019. The Library is now teeming with documents. For those in the industry, it is well worth checking out. We recently caught up with David Siffert, the Center’s Director of Research and Projects, to tell us a little bit more about this project.
A lawyer who represented hundreds of players in a $1 billion concussion settlement with the National Football League is fighting an arbitrator’s order to repay some $2.3 million in high-interest loans from a litigation funder. In his filing with U.S. District Judge Gerald McHugh in Philadelphia, lawyer Craig Mitnick accuses Balanced Bridge and its lawyers at Fox Rothschild of taking advantage of him and violating “the cannons (sic) of ethics.”
Jens Benoot of Deminor summarises the important findings in the “Lloyd v. Google” and “Google Shopping” cases and zooms in on what may well become the next battleground for Google in the AdTech market.
Victoria Shannon Sahani of Arizona State University, Sandra Day O'Connor College of Law and Maya Steinitz of the University of Iowa College of Law predict that the trend toward spinning off international arbitration practices in large firms into independent boutiques will likely accelerate as the investment proposition becomes ‘invest in a law firm’ rather than ‘invest in a lawsuit,' and outline the increased conflicts and ethical challenges that will arise and need to be dealt with in the new landscape.

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