Litigation Capital Management has released its interim results for the half year ended 31 December 2020. Assets under management have grown to A$322 million and the company is reporting a cumulative ROIC of 135% and an IRR of 78% over the past 9 and a half years. Similar to other funders, it notes that it has been receiving increased applications for insolvency and restructuring disputes as moratoriums against appointments are relaxed in global markets. Read more.
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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