Innsworth is backing a new £2.3 billion case in the UK against Meta Platforms Inc., the parent company of Facebook. The case is being brought as an opt-out collective action in the UK’s Competition Appeal Tribunal on behalf of more than 40 million consumers. It is alleged that Meta abused its market dominance to impose unfair terms and conditions on ordinary Britons giving it the power to exploit their personal data. Quinn Emanuel is the law firm acting for the class representative. 
Switzerland-based litigation funder Nivalion and Sweden-based funder Litigium Capital have entered into a strategic partnership. The partnership comprises funding of disputes and provision of legal financing solutions in Denmark, Finland, Norway and Sweden as well as financing Nordic clients globally. Within the scope of the partnership, Nivalion and Litigium Capital will work closely together on a non-exclusive basis and aim to co-fund cases of all sizes.
Fintech LegalPay has launched an interim finance healthcare-focused fund for retail investors that grants them fractional ownership, for an investment amount as little as Rs 10,000 per opportunity, in asset-backed legal and debt financing asset classes.
Chris Dryland and Michael Fenn of Pinsent Masons share the highlights learned from the High Court in London that rejected a challenge over third party arbitration funding costs. The court's decision provided useful guidance by ruling that all it needs to consider, to determine if third party funding is reasonable, is whether recourse to third party funding was reasonable in the circumstances, and not whether other sources of funding were available. 
Justin Maleson of Longford Capital predicts even more widescale adoption and continued innovation in litigation funding over the next decade. He expects to see several states follow Arizona’s lead in allowing non-lawyer ownership of law firms and the continued development of defense funding offerings.
Former Twitter CEO Jack Dorsey recently announced the creation of a nonprofit legal defense fund geared towards defending Bitcoin developers from litigation. The Bitcoin Legal Defense Fund's purpose is to aid software developers in lawsuits related to their activities related to the cryptocurrency Bitcoin. The fund is free for any Bitcoin developer to help them with obtaining defense counsel, generating litigation strategies and paying for legal bills. 
A recent ruling in New York is allowing two dead companies to sue some of the world's largest banks in an interest-rate bid-rigging scandal. The plaintiff for the case was an entity with the name of Fund Liquidation Holdings LLC who still had a stake in the case. The U.S. Chamber of Commerce says the decision opens the door to anonymous third-party funders filing lawsuits for profit or political gain.
Affiniti Finance, a UK-based litigation funder backing thousands of cases, folded last year when it defaulted on its obligations to its main finance provider Fortress Capital. A recent administrator's report shows that the company was dependent on Fortress to enable it to advance loans to consumer litigants. But the relationship broke down shortly before administrators were appointed last November and Fortress issued an acceleration notice to Affiniti demanding repayment of the entire £42.9m outstanding.
A new tech litigation funder known as Ryval is launching to allow everyday Americans to bet on civil lawsuits through the purchase (and trade) of associated crypto tokens. Investors can "buy and sell tokens that represent shares in a litigation and access a multi-billion dollar investment class previously unavailable to the public,” the company states.
Nivalion AG hires Jacob Henze as a new Case Manager for their Frankfurt office. In addition to a law degree from Goethe University of Frankfurt, Jacob holds a Master of Laws (LL.M.) degree focusing on international dispute resolution from Queen Mary University of London.

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