Litigation Capital Management has announced the second close of its Global Alternatives Returns Fund II, taking allocations to date to US$273mln, or 91% of the targeted US$300mln. Read more.
Litigation Capital Management has announced the second close of its Global Alternatives Returns Fund II, taking allocations to date to US$273mln, or 91% of the targeted US$300mln. Read more.
LCM chief executive Patrick Moloney says the collapse of Silicon Valley Bank poses a “tremendous opportunity” for more lawsuits, as the firm readies itself to profit on an uptick in bankruptcies as the global economy hits a slump.
Litigation Capital Management has announced a confidential settlement in an Australian class action funded by it. LCM expects to receive revenue of approximately AUD $14million, which includes capital invested of approximately AUD $8.25million together with an expected gross profit of approximately AUD $5.75million.
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