Asertis hires Chief Investment Officer

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The Insolvency Industry: A Case Of Bad Apples Amongst Good Eggs

Roger Dugan of Asertis addresses the recent allegations that the UK insolvency industry is rife with a culture of misconduct, arguing that if the UK insolvency sector is indeed akin to the “Wild West”, it’s clear that insolvency and restructuring practitioners are staunchly on the side of law and order.

New Fundings

Augusta Ventures backs potential class action against Uber

Augusta Ventures has had its litigation funding agreement approved by an Ontario court for a proposed class action in Canada against Uber. The plaintiffs allege that Uber breached its employment contracts with drivers and delivery people and contravened Ontario’s Employment Standards Act. They also plead that Uber is liable for unjust enrichment and negligence. The putative class may be as large as 366,359 persons who have provided at least one ride or delivery using the Uber App. Augusta is paying the disbursements incurred by class counsel, providing security for costs, and will pay any adverse costs order. It will receive 8-10% of the proceeds awarded, plus reimbursement for all payments advanced and a funder administration fee. The motion for certification of the class action has been argued and is currently under reserve.

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