Fortress

All articles about Fortress.

The US Court of Appeals for the Federal Circuit in Washington, DC is set to rule on whether a patent owner who gives the ability to sublicense a patent can still sue another for infringement in a case that could have implications for other litigation funding transactions, after judges in Delaware and the Northern District of California ruled that Uniloc - which defaulted on a Fortress loan it used to pay for lawsuits against Motorola, Apple and Google, triggering a provision in the deal that ceded its patent sublicensing rights to Fortress - no longer had exclusionary rights to the patents and thus didn’t have legal standing to sue.
Kate Gee of Signature Litigation and Rosemary Ioannou of Fortress note that while funding for group claims in Europe is an area of the litigation finance market that is seeing significant growth and attracting a lot of attention, the financing of claims for well-capitalised companies and institutions is quietly developing into an equally significant area of growth in the market and one where the most innovation should be expected.
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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