Therium

All articles about Therium.

Therium is backing a potential £1 billion class action in the UK against major banks that were fined for rigging the foreign exchange market. Barclays, Citigroup, JP Morgan and RBS were fined more than €1 billion by the EU’s competition watchdog in 2019 after a five-year investigation revealed market rigging between 2007 and 2013. The banks now face a group claim brought by pension funds, asset managers, hedge funds and corporates from around the world who were affected by the forex cartels. The Competition Appeal Tribunal is deciding whether to issue a collective proceedings order, allowing the action to proceed to the next stage of litigation.
Therium is reported to be backing a consumer association in a Norwegian class action lawsuit against two home alarm companies, according to a local newspaper. In November, the companies were fined by the Norwegian Competition Authority for illegal cooperation in the sale of home alarms.
Therium is backing UK-based Victoria Oil and Gas (AIM: VOG) in its arbitration proceedings with the Republic of Kazakhstan. After investing over US $35 million into an oil field, Kazakhstan invalidated the company's rights to the oil field and seized assets on site, forcing the company to suspend oil production in June 2008.
Tom Handley has been appointed as a director at Provenio Litigation LLP, a Liverpool-based litigation practice that recently announced the launch of a £50m fund in partnership with leading global litigation funder Therium to finance high value litigation and arbitration claims. Tom was formerly CEO at Exchange Chambers.

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