Omni Bridgeway

All articles about Omni Bridgeway.

The Superior Court of Quebec has released a decision rejecting a litigation funding agreement in the insolvency proceedings of Fortress Global Enterprises (TSX:FGE). The Court refused to approve the litigation funding agreement because it placed limits on Omni Bridgeway's obligation to fund an eventual adverse costs award. Specifically, under the agreement, Omni had no obligation to pay adverse costs awards relating to costs incurred prior to the approval of the agreement or after its termination.
Omni Bridgeway has agreed to fund a class action against Mesoblast Limited (ASX:MSB) on behalf of shareholders for losses arising out of Mesoblast’s alleged breaches of its continuous disclosure obligations and/or by Mesoblast engaging in misleading and deceptive conduct. The class action will be run by law firm Phi Finney McDonald.
Jeremy Marshall, Anna-Maria Quinke and Maarten van Luyn of Omni Bridgeway present a concise summary of the group claims landscape across various European jurisdictions and share their prediction that collective actions throughout Europe will increase once the Representative Actions Directive (RAD) kicks in over the next two years.
Jeremy Marshall of Omni Bridgeway argues that the landmark Lloyd v Google decision does not necessarily mean that there will no longer be data breach claims in England but stresses that these cases should only be funded on behalf of claimants who have genuinely suffered losses that are amenable to being compensated by the law, something that wasn't completely apparent in this case.
Omni Bridgeway has added four new investment professionals to its US investment team: former Kirkland & Ellis lawyers Ian Spain and Chris Citro join in New York, former Pillsbury Winthrop Shaw Pitman lawyer Justin Brossier joins in Los Angeles and Baker Botts alumni Raj Duvvuri joins in Houston. Omni Bridgeway has also promoted current US team members Amy Geise, John Harabedian, Sarah Jacobson and Nilufar Hossain.
Jeremy Marshall of Omni Bridgeway notes that UK funders have for some time been exploring the efficacy of funding assigned claims (outside of the insolvency context) through a special purpose vehicle as can be done in other jurisdictions but reports that the recent case of Farrar v Miller has theoretically made the structure less attractive.
Omni Bridgeway is funding, through a managed investment scheme, an appeal made for the benefit of certain investors of two judgments made in the liquidation proceedings of Halifax Investment Services, a Sydney-based financial services business that collapsed in 2018. Omni Bridgeway will be entitled to 10% of any funds that investors will become entitled to if the appeal is successful.
Arvindran Manoosegaran of Omni Bridgeway shares the details of a landmark decision for both of Singapore’s insolvency and litigation finance regimes in which the Singapore High Court ordered that Omni Bridgeway’s financing of an undisclosed private international arbitration be given super priority status in the context of a corporate restructuring, the first time that such a 'super-priority' order has been obtained by a funder since the introduction of Singapore's new insolvency laws in 2018.

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