Barry Diller denies his company cheated Tinder founders out of $2 billion

Billionaire Barry Diller took the stand last week to defend his media empire from a lawsuit claiming that it cheated the founders of Tinder out of $2 billion. His attorneys have used millions of dollars in litigation funding payments to key witnesses to cast doubt on former CEO Sean Rad’s case. Rad’s camp has argued that the payments are irrelevant to the suit, and the judge presiding over the trial found that the payments were not illegal, saying that it ”approaches the line between legitimate litigation funding and illegitimate payment of witnesses, [but] it does not cross it.” Bench Walk Advisors is the funder backing Rad in the Tinder case. More from NY Post.

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Interview with Ayse Yazir- Global Head of Origination, Bench Walk Advisors LLC

Ayse Yazir of Bench Walk Advisors shares her journey from working as a paralegal at a law firm to her current role as Global Head of Origination at Bench Walk Advisors, which has quickly become a global player in the market, having earned a no.1 ranking in Chambers & Partners and funded 155 cases in just four years. Ayse also reveals how her Turkish roots and inspiring family story have contributed to her success.

New Fundings

Deminor backs new Italian group action

Deminor is backing a new group action claim in Italy filed against the “Corrugated Cardboard Cartel.” The civil action follows the Italian Competition Authority’s decision – also confirmed by the Lazio Regional Administrative Court – which ascertained the existence of two collusive agreements between the main operators in the sector aimed at inflating sales prices for corrugated cardboard sheets and packaging for a period of more than 10 years. Italian law firm BonelliErede will be leading the multidisciplinary legal team, which will include professionals from the firm’s Competition Litigation Task Force with extensive experience in antitrust damages actions. This is the second Italian collective claim launched against the Corrugated Cardboard Cartel — Bench Walk Advisors is also backing a claim initiated in late 2021, with bookbuilding and damage assessments for that case being delivered by Libra and legal and litigation services being delivered by Delex.

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