May 30, 2022

In the News

Quartet advise as Volkswagen Group agrees £193 Dieselgate UK Settlement

A £193M settlement has been reached between Volkswagen and around 91,000 claimants in a U.K. group action over the carmaker’s emissions scandal. The claim, which should now result in each car owner receiving around £2,100, was backed by litigation funders Therium and North Wall Capital. Therium, the largest backers, funded claimants represented by Slater & Gordon, whilst North Wall financed PGMBM claimants. Leigh Day did not have any litigation funding, instead working on a conditional fee agreement. More from Law.com.

Recent Fundings

Bench Walk backs companion claim against Mastercard and Visa

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Funder News

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Interim results for the half year ended 31 December 2022

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In the News

London’s litigation financiers primed to profit on global downturn, Therium chief says

Therium founder Neil Purslow says that London’s litigation funders are in a prime position to capitalise on the global economic downturn, as the economic slump threatens to stretch in-house legal budgets and drive an uptick in legal battles, forcing companies and litigants to turn to third-party funds to bankroll their claims.

New Fundings

Bench Walk backs claims against UK water and sewerage companies

Bench Walk is backing claims brought by law firm Leigh Day on behalf of a significant class of UK bill-paying households to bring standalone competition damages claims in the Competition Appeal Tribunal against water and sewerage companies in England.

In the News

Litigation Funders Expect More Class Actions as Australia’s Government Relaxes Rules

Plans by Australia’s recently elected Labor government to reinstate a financial services licensing exemption for litigation funders could lead to an upswing in class action funding. Andrew Saker, chief executive of litigation funder Omni Bridgeway, one of the few funders to have an Australian Financial Services Licence, said the government’s proposed changes will create a more conducive environment for litigation funders to work in the class action environment.

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