Litigation funders get a boost in budget bill drama, court wins

Burford is closer to collecting its share of a $16.1 billion court judgment against Argentina, with U.S. District Judge Loretta Preska ordering Argentina to give up its 51% stake in YPF to partially satisfy a $14.39 billion award to Petersen Energia Inversora and a $1.71 billion award to Eton Park Capital Management, both of whom were minority investors in YPF. Burford is poised to receive around 35% of Petersen's award and 82% of Eton Park's award — a payday of more than $6 billion, not including interest.