Manolete has reported record levels of new case investments for 2023 so far, citing the rush of insolvencies following the end of the two-year artificial suppression of the UK insolvency sector, brought about by the UK Government's reaction to the COVID-19 pandemic.
LCM has announced its interim results for the half year ended 31 December 2022, with highlights including an adjusted loss for the period of A$5.5m, excluding cases settled since 31 December 2022 which would have increased LCM only performance to an adjusted operating profit of A$6.3m.
Litigation funding start-up FightRight Technologies has launched a fund that will invest in 15-20 commercial cases with an average ticket size of Rs 5-7 crore for a tenure of 2-3 years, with an expected annualized return on investment of upwards of 30%.
Close Brothers Group PLC has reported a 90% drop in adjusted operating profit to £12.6mln during the first six months ending January 2023, after setting aside more than £114.6mln for bad loans relating to Novitas.
Litica has announced the acquisition of further insurance capacity to support its continued growth and expansion, which will allow it to provide up to around $40million of coverage on a per case basis (the largest in the ATE insurance market), with substantially more capacity available for portfolio transactions.
Litigation Capital Management has announced a confidential settlement in an Australian class action funded by it. LCM expects to receive revenue of approximately AUD $14million, which includes capital invested of approximately AUD $8.25million together with an expected gross profit of approximately AUD $5.75million.
Weronika Rydzinska has joined LitFin - Litigation Financiers as a Case Manager, Business Relations, responsible for the company's development (mainly) in the Polish market. She was previously with Delta Capital Partners Management.