Explosion? What explosion? The truth about class actions

Andrew Saker of Omni Bridgeway weighs in on the potential Australian class action reforms, presenting research from top tier law firms and academia that debunks the claims used liberally by sections of corporate Australia and their US big business allies that there is an ‘explosion’ in shareholder class actions backed by unscrupulous litigation funders. Read more.

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Funder News

Omni Bridgeway hires in Canada

Laura Scheim has joined Omni Bridgeway in Montreal as an associate investment manager and legal counsel. Laura was previously in the litigation group of Osler, Hoskin & Harcourt LLP and brings expertise in commercial and tax litigation. She also clerked at the Supreme Court of Canada and the Quebec Court of Appeal. 

Funder News

Omni Bridgeway establishes institutional debt facility

Omni Bridgeway has established a A$250 million institutional debt facility. The facility has been used in part to redeem certain bonds and wholesale notes prior to their scheduled maturity. The facility also includes an additional commitment of A$102 million of debt capital to enable the company to optimise its medium-term capital management. The debt facility was provided by funds managed by Northleaf Capital Partners and Pacific Equity Partners. Law firm G + T advised on the financing, acting as lead counsel across eight jurisdictions.

Insights

A Primer on U.S. Defense-Side Litigation Finance

Jason Levine of Omni Bridgeway reports that creative litigation funders are actively working to develop bespoke defense financing solutions for clients and notes that of the three primary forms of defense financing, reverse contingency financing applies most broadly to the most types of cases.

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