Augusta Ventures backs German Covid claim

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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.

New Fundings

Augusta Ventures backs collective claim against Qualcomm

Augusta Ventures is backing an opt-out collective claim by UK consumer champion Which? against Qualcomm for over £480 million, on behalf of a class of millions of UK consumers. The claim alleges that Qualcomm abused its dominance in the markets for smartphone chipsets and standard essential patents, leading to higher smartphone prices for consumers. Hausfeld is acting for Which? in the matter.

Funder News

Asertis hires Chief Investment Officer

Asertis has hired Harshiv Thakerar as its Chief Investment Officer. Harshiv most recently headed the litigation funding division at Global Growth Cap and prior to that he was Head of Commercial Litigation at Augusta Ventures.

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