Sears Holdings May Finally Exit Bankruptcy After Judge Appoints Mediators

  • Sears Holdings‘ Chapter 11 bankruptcy case may actually be headed to a conclusion after 3 ½ years. On April 6, Judge Drain appointed three mediators to help settle the litigation brought by Sears Holdings against Eddie LampertESL, and others. If there is no settlement via mediation, it looks like Sears Holdings may get outside funding to continue its litigation. There has been no funding motion filed yet, but a review of Akin Gump‘s recent fee dockets indicates that potential funding avenues are being explored. More from SeekingAlpha.

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Manchester firm Thaxted Capital appoints partner

Mark Dawkins has joined Manchester-based specialist small case litigation funder Thaxted Capital as a partner. Mark was previously the head of Akin Gump’s London Disputes Group. Thaxted was launched earlier this month by Jack Bradley-Seddon with a £25million initial investment from private equity institutional investor Sandton Capital Partners.

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New litigation funder launches in Manchester

Jack Bradley-Seddon has launched a new litigation finance firm, Thaxted Capital, based in Manchester. The firm will focus on single case funding of £1million or less with a unique regional focus across the North East, North West, Yorkshire and Midlands. Sandton Capital Partners is backing the business with a £25million initial commitment to support its launch and future growth.

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