Litigation Lending Services is proud to announce the appointment of two new investment managers. Emma Colantonio joins the team in Sydney, coming from MinterEllison. Laura Morrissey joins the team in Brisbane, coming from HWL Ebsworth Lawyers. Read more.
More than 1,700 family members and deceased estates of the Northern Territory Stolen Generations have reached an historic $50.45 million settlement with the Australian Government, subject to the approval of the Supreme Court. Litigation Lending Services provided financing for the case.
Sydney’s Litigation Lending Services says it makes a 62 per cent return on an IRR basis and has a 93 per cent success rate for completed cases. The company has hired Credit Suisse for a new $35 million fundraising, according to AFR.
Litigation Lending Services Limited is backing a class action against the Australian Commonwealth on behalf of thousands of Indigenous Australians in the Northern Territory whose wages were unjustly withheld or not paid as a result of wage control legislation in effect until 1972. The legal challenge is being run by Shine Lawyers.
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