LionFish Litigation Finance

All articles about LionFish Litigation Finance.

Brown Rudnick has released the agenda for its first annual European Litigation Funding Conference taking place on 17 May 2022 in London. The one-day conference has drawn big names from the international litigation funding market who will discuss topics such as opportunities and innovation in deal structuring, the rise of class actions and opportunities in Europe.
UK-based professional services group RBG Holdings plc has released its audited results for the twelve months ended 31 December 2021. It reports that its subsidiary LionFish Litigation Finance has to date invested £1.8 million in 10 cases, with a full commitment of £10.5 million if the cases are funded through to trial over the next 2-3 years. The firm's first case was successfully completed, delivering a return of two times money invested as per strategy. RBG also reports that in February 2022, LionFish agreed to a £20 million litigation investment arrangement with a large alternative investment firm which will allow the funder to now generate income from settlements and new investments rather than sell participation rights.
Tets Ishikawa of Lionfish comments on the Competition Appeal Tribunal's rulings in two recent judgments (Kent v Apple and Coll v Google) that disclosing ATE premiums would give the defendants an 'unfair tactical advantage' and argues that if defendants want to go for marginal gains on funding and insurance agreements, they should equally be willing to give disclosure and transparency around the financial strategy for their case defence, including the costs provisioned for defending the claim and the amounts provisioned for any potential loss on their account. 
RBG Holdings PLC, a professional services group, has announced that its subsidiary, LionFish Litigation Finance Limited, has agreed to a £20 million litigation investment arrangement with a large alternative investment firm. The firm will participate in all of LionFish's litigation investments, investing up to 75% in each of LionFish's investments across the portfolio over a two-year period.
Tets Ishikawa of LionFish Litigation Finance (UK) Ltd sets out several common-sense reasons as to why recoverability of CFA success fees, ATE premiums and funder returns should be considered for commercial cases and what degree of recoverability should be permissible, now that we have a market with sufficient experience to provide a useful reference point. 
RBG Holdings plc (AIM: RBGP), the professional services group, has released a pre-close trading update ahead of the publication of its financial results for the twelve months ending 31 December 2021 on 29 March 2022. It reports that in 2021 LionFish, its litigation finance subsidiary, completed a further four investments bringing the total investments made by LionFish since its inception in May 2020 to 10, with a total capital commitment of £10.5 million of which £3.6 million has been deployed (as at 31 December 2021). Disposals since inception total £6.4 million.  
As capital floods into litigation funding, the sector has entered a new phase. Rather than sitting back and waiting for cases, funders often now play an integral role in the instigation of litigation – particularly collective actions. A push towards freely available, standardised documents will help hedge funds and other players enter the field, while a secondary market for funding investments is finding its feet.
RBG Holdings plc (AIM: RBGP), the UK-based professional services group, has released its unaudited results for the six months ended 30 June 2021. It reports that its litigation finance subsidiary LionFish has received 393 enquiries since launch with 10 cases approved, 54 under consideration and 329 rejected. The 10 approved cases will bring a funding commitment of £8.0 million over the next three years, of which £3.2 million has already been drawn down.
RBG Holdings (AIM:RBGP) reports that its litigation finance business LionFish is currently invested in 10 cases with a total cash investment of £3.2 million across the cases, and in April recorded its first successful litigation investment since its launch which provided a gross two times money return over and above invested cash.

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