In a decision that has significant implications for the Australian litigation funding industry, Piper Alderman partners Greg Whyte and Lillian Rizio have successfully defended a challenge to the validity of LCM’s funding arrangements in the Gladstone Fisheries class action. The High Court refused to hear Gladstone Ports Corporation’s appeal, preserving the Court of Appeal’s finding that the funding agreement could not be challenged on public policy grounds. More from Piper Alderman.
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.
We’ll alert you to key situations and stories you should be aware of.
We deliver the important litigation finance news and analysis straight to your inbox each Monday morning.
The newsletter is always free.
