Associate – Special Situations

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As capital floods into litigation funding, the sector has entered a new phase. Rather than sitting back and waiting for cases, funders often now play an integral role in the instigation of litigation – particularly collective actions. A push towards freely available, standardised documents will help hedge funds and other players enter the field, while a secondary market for funding investments is finding its feet.

New Fundings

Unnamed funder backs claim against TikTok

An unnamed litigation funder is backing a legal claim against social media platform TikTok and its parent company ByteDance for illegally collecting millions of children’s private information in the UK and Europe and sharing it with unknown third parties for profit. The claim is being brought by Anne Longfield OBE, the former Children’s Commissioner for England. Scott+Scott UK LLP are the solicitors. Essex Court Chambers are acting as barristers for Anne. Brown Rudnick advised on structuring the litigation funding.

Before You Go

Never miss a thing in the litigation finance market.