LCM Secures $8.25 Million Commission

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New Fundings

LCM backs “UK Buy Box Claim” against Amazon

LCM, together with law firm Hausfeld & Co, is backing a £900 million claim against Amazon on behalf of tens of millions of UK customers which alleges that Amazon has breached competition law and caused millions of UK customers to pay higher prices for products sold on Amazon.co.uk and the Amazon mobile app by obscuring better-value deals.

Insights

USE OF DATA IN LITIGATION

Hugo Marshall of LCM shares that the use of datapoints in litigation is growing exponentially, and describes how litigation funders can use datapoints to their advantage, for example by forecasting how long their capital will be at risk, or determining whether their funded party typically attracts interlocutory applications.

In the News

Suncorp to pay $33 million over super class action

Suncorp is set to pay $33 million to settle an Australian class action brought by superannuation members in 2019 over conflicted remuneration paid to financial advisers. The class action was brought by William Roberts Lawyers in June 2019 with the backing of LCM, who are set to receive $14 million inclusive of costs.

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