LCM backs Carillion claim

Litigation Capital Management (“LCM”) is backing Carilllion in a claim against its former auditors. Carillion was the largest corporate collapse in the building and construction industry in UK history. Now, certain Carillion entities which are in liquidation, are bringing a claim against KPMG for the conduct of its audits of the Group’s financial statements. The losses which form the subject matter of the claim are expected to exceed £250 million. Read more.

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Funder News

Interim results for the half year ended 31 December 2022

LCM has announced its interim results for the half year ended 31 December 2022, with highlights including an adjusted loss for the period of A$5.5m, excluding cases settled since 31 December 2022 which would have increased LCM only performance to an adjusted operating profit of A$6.3m.

Funder News

Settlement in Australian class action

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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