Deminor, Nivalion AG, and Omni Bridgeway have come together to launch the European Litigation Funders Association. With a focus on the EU, ELFA‘s objective is to represent the industry before EU clients, governmental bodies, international organizations, and professional associations, and to set good standards of practice to be promoted throughout the industry.
The International Legal Finance Association (ILFA) has announced its new board of directors, its chairman, and the executive committee. Gary Barnett, Executive Director of ILFA, welcomed Neil Purslow, who co-founded Therium, as the new Chairman. The Executive Committee Officers include: Christopher DeLise of Delta Capital, Susan Dunn of Harbour Litigation Funding, Jack Neumark of Fortress Investment Group LLC, Andrew Saker of Omni Bridgeway and Marcel Wegmüller of Nivalion.
Swedish price comparison business PriceRunner has filed a claim against Google for a preliminary amount of almost EUR 2.1 billion (SEK 22 billion) at the Patent and Market Court in Stockholm and reports that Nivalion is funding its case. The lawsuit follows the conclusion of the European General Court which established that Google has breached EU antitrust laws by manipulating search results in favour of their own comparison shopping services.