Longford Capital has filed documents with the SEC showing that it has raised additional capital of approximately USD $435 million. Read more.
Longford Capital Management, LP has announced that it has entered into a $50 million funding agreement with Willkie Farr & Gallagher LLP to provide equity capital to fund attorneys’ fees and litigation costs, and to monetize the value of meritorious legal claims for Willkie’s clients involved in commercial litigation cases handled by lawyers based in Willkie’s Chicago office.
Roy Strom of Bloomberg Law weighs in on the Longford / Willkie partnership announcement, arguing that even though the deal is likely not financial transformative for either firm, the publicity is good for the industry.
Longford Capital has announced that Laura Pearl is retiring as CFO and transitioning to the role of Senior Advisor. Joshua Leavitt will be promoted to Managing Director and Chief Financial Officer.