Omni Bridgeway backs claim against cruise operator

Omni Bridgeway is backing a proposed class action on behalf of passengers who booked and travelled on a Scenic Tours river cruise from 1 June 2018 to 31 December 2018 on the Rhine-Moselle-Main-Danube river systems.

It will be alleged that Scenic Tours breached the consumer guarantees contained in the Australian Consumer Law and operated river cruises during the European Summer of 2018 on the Rhine-Moselle-Main-Danube river systems that did not meet the experience and level of service that the passengers had been promised and paid for.

This class action is being funded and run as a managed investment scheme, in compliance with new funded class action regulations introduced by the Australian government in 2020. The claim is being brought by Somerville Legal on behalf of the passengers.

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Omni Bridgeway grows its US investment team

Omni Bridgeway has added four new investment professionals to its US investment team: former Kirkland & Ellis lawyers Ian Spain and Chris Citro join in New York, former Pillsbury Winthrop Shaw Pitman lawyer Justin Brossier joins in Los Angeles and Baker Botts alumni Raj Duvvuri joins in Houston. Omni Bridgeway has also promoted current US team members Amy Geise, John Harabedian, Sarah Jacobson and Nilufar Hossain.


Champerty pops up again!

Jeremy Marshall of Omni Bridgeway notes that UK funders have for some time been exploring the efficacy of funding assigned claims (outside of the insolvency context) through a special purpose vehicle as can be done in other jurisdictions but reports that the recent case of Farrar v Miller has theoretically made the structure less attractive.

In the News

Omni Bridgeway funds appeal to recover tens of millions of dollars for 1000 Halifax victims

More than 1,000 Halifax investors may recover tens of millions of dollars more of their funds caught up in the collapse of the stock-broking platform thanks to Omni Bridgeway, who has agreed to fund appeals over recent Australian and NZ court judgments regarding Halifax Investment Services Pty Ltd and Halifax New Zealand Limited, both of which are in liquidation.

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