Most Nokia-branded phones have been banned in Germany due to the enforcement of a patent injunction by Fortress-funded VoiceAge EVS.
Most Nokia-branded phones have been banned in Germany due to the enforcement of a patent injunction by Fortress-funded VoiceAge EVS.
The International Legal Finance Association (ILFA) has announced its new board of directors, its chairman, and the executive committee. Gary Barnett, Executive Director of ILFA, welcomed Neil Purslow, who co-founded Therium, as the new Chairman. The Executive Committee Officers include: Christopher DeLise of Delta Capital, Susan Dunn of Harbour Litigation Funding, Jack Neumark of Fortress Investment Group LLC, Andrew Saker of Omni Bridgeway and Marcel Wegmüller of Nivalion.
Fortress is backing potential collective actions against both Apple and Google in the Netherlands over the restrictive conditions imposed by the tech giants that oblige developers to offer apps and in-app purchases exclusively through the app stores and charge an excessive commission. The claims are being brought by App Stores Claims Foundation. Hausfeld is acting for the foundation in bringing the claims.
Fortress Investment Group LLC (“Fortress”) has announced that the operations of Vannin Capital, which it acquired in 2019, will be restructured into its Fortress Legal Assets business, effective immediately. As part of the restructuring, a number of Vannin Capital employees will transfer to Fortress. The change will have no impact on Vannin Capital’s existing investments, and Vannin Capital will remain the counterparty to its various litigation funding agreements.
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