Apple’s bid to reveal ATE premiums refused by tribunal

Technology giant Apple has lost a bid to reveal a proposed representative claimant’s after-the-event insurance premiums, with the Competition Appeal Tribunal ruling that disclosure would provide an ‘unfair tactical advantage’ by revealing the insurers’ assessment of risk. The class action is seeking estimated damages of up to £1.5 billion. A hearing to decide whether to grant a CPO in the proposed claim brought by Dr Rachael Kent – who is represented by international disputes firm Hausfeld and backed by litigation funder Vannin Capital – is due to take place in May.

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Funder News

New litigation funding firm launches in New York

Michael German and Chris Baildon have co-founded Lex Ferenda Litigation Funding, a new litigation funding firm in New York, to invest in US litigation and domestic commercial arbitration. Michael previously worked at former litigation funder Vannin Capital, and Chris has a background in investment banking and finance. The firm said it completed a first capital raise and is “well on the way” to reaching its $100 million target for the initial fund.

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Defence crowdfunding ‘exacerbated’ libel damage

The fact that more than 1,000 people – including former Pink Floyd musician Roger Waters and film director Ken Loach – contributed to the crowdfunding of a libel defence on behalf of retired television producer Paddy French exacerbated the harm done by the original publication by attracting further attention to the defamation, a UK judge has ruled.

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