Investor Protection in Europe: What does the Future Hold?

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In the News

Match Group to pay Tinder founders $441 mln to settle lawsuit

Match Group has announced that it will pay Tinder’s co-founders and original team $441 million to settle a years-long lawsuit over allegations that Match Group purposely undervalued the startup in an effort to avoid paying out billions of dollars in equity. Bench Walk Advisors backed the plaintiffs in the claim.

Insights

Navigating the Sea Change in Law Firm Finance and Ownership in the U.S.

Victoria Shannon Sahani of Arizona State University, Sandra Day O’Connor College of Law and Maya Steinitz of the University of Iowa College of Law predict that the trend toward spinning off international arbitration practices in large firms into independent boutiques will likely accelerate as the investment proposition becomes ‘invest in a law firm’ rather than ‘invest in a lawsuit,’ and outline the increased conflicts and ethical challenges that will arise and need to be dealt with in the new landscape.

New Fundings

Funder-backed collective claim launched in Italy

Bench Walk Advisors is backing a new collective claim in Italy that is based on a 2019 Italian Competition Authority (AGCM) decision. On 17 July 2019, the Italian Competition Authority (AGCM – Autorità Garante della Concorrenza e del Mercato) concluded a complex investigation, resulting in the ascertainment of two cartel agreements, set up to distort normal competition in the markets for corrugated cardboard and corrugated cardboard packaging. The cartels involve the most important manufacturers of corrugated cardboard sheets and packaging, as well as the Italian group of corrugated cardboard manufacturers (GIFCO). In consideration of the seriousness and duration of the conduct, the Authority imposed fines of over € 287 million, paving the way for actions claiming compensation for damage suffered by direct and indirect purchasers of the cartelists.

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