Data breaches: Two major representative actions discontinued in wake of Google ruling

Two major representative actions over alleged data breaches have been discontinued in the wake of last year’s Supreme Court ruling in Lloyd v Google. The YouTube data breach claim that sought damages of up to £2.5bn, was one of the cases discontinued, and was advised by Hausfeld and backed by funder Vannin Capital. The other case discontinued was one brought by Mishcon de Reya on behalf of approximately 1.6 million people whose confidential medical records were obtained by Google and DeepMind Technologies in breach of data protection laws.

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New litigation funding firm launches in New York

Michael German and Chris Baildon have co-founded Lex Ferenda Litigation Funding, a new litigation funding firm in New York, to invest in US litigation and domestic commercial arbitration. Michael previously worked at former litigation funder Vannin Capital, and Chris has a background in investment banking and finance. The firm said it completed a first capital raise and is “well on the way” to reaching its $100 million target for the initial fund.

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