Litigation Capital Management has earned more than £7m in profits on the settlement of a £1.3bn claim brought by Carillion’s liquidator against KPMG. More from City AM.
Litigation Capital Management has earned more than £7m in profits on the settlement of a £1.3bn claim brought by Carillion’s liquidator against KPMG. More from City AM.
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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