Augusta Ventures is backing a representative action against price comparison website ComparetheMarket.com in the UK Competition Appeal Tribunal. The claim is brought on behalf of over 20 million UK consumers who are alleged to have been overcharged for their home insurance.
Augusta Ventures is backing a claim against the former lawyers, auditors and financial advisors of Cash Store Financial Services Inc., a Canadian payday lender that filed for creditor protection in 2014.
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.