Bench Walk adds VP in New York

Nick Sage has joined Bench Walk Advisors as Vice President in the funder’s New York office.

Nick previously served as a senior litigation associate with Davis Polk & Wardwell LLP, where he gained significant experience across a wide range of litigations and arbitrations and represented a variety of financial institutions, media companies, technology companies, utility companies, and law firms in high-stakes disputes.

Nick graduated cum laude from Tufts University in 2005 with a B.A. in international relations and political science and graduated cum laude from New York University School of Law in 2013. Prior to law school, Nick worked at Global Kids, Inc., a non-profit organization that works with youth in underserved communities.

Keep Reading

New Fundings

Bench Walk to back Sears insolvency litigation

Counsel for the official committee of unsecured creditors of Sears Holdings is seeking court approval of a US $35 litigation funding facility with Bench Walk Advisors. Sears Holdings, the parent company of the iconic Sears retail brand, filed for Chapter 11 bankruptcy protection in October 2018. While under creditor protection, litigation was commenced by a restructuring subcommittee seeking over $2 billion in damages arising from certain pre-filing related party transactions. $25 million was set aside to cover the initial costs of the litigation, but these funds are now near exhaustion. In order to continue in the pursuit of the claims, a competitive process was initiated to secure additional funding. After several rounds of hard-fought and arm’s-length negotiations with Bench Walk and another funder, Bench Walk emerged as the winner.

In the News

Agenda for European Litigation Funding Conference announced

Brown Rudnick has released the agenda for its first annual European Litigation Funding Conference taking place on 17 May 2022 in London. The one-day conference has drawn big names from the international litigation funding market who will discuss topics such as opportunities and innovation in deal structuring, the rise of class actions and opportunities in Europe.

In the News

FX rigging claimants win bitter-sweet certification ruling

The UK’s Competition Appeal Tribunal (CAT) ruled last week that the collective action, FX Claim UK, brought by Phillip Evans, can be certified. However, it said this should be done on an opt-in basis only, rather than the opt-out basis on which the action had been filed – a ruling which Evans and his legal advisers Hausfeld intend to appeal. The claim is on behalf of investors damaged by the unlawful rigging of foreign exchange markets between 2007 and 2013. Bench Walk Advisors is backing the claim. 

Before You Go

Never miss a thing in the litigation finance market.