May 4, 2021

New Fundings

Unnamed funder backs claim against TikTok

An unnamed litigation funder is backing a legal claim against social media platform TikTok and its parent company ByteDance for illegally collecting millions of children’s private information in the UK and Europe and sharing it with unknown third parties for profit. The claim is being brought by Anne Longfield OBE, the former Children’s Commissioner for England. Scott+Scott UK LLP are the solicitors. Essex Court Chambers are acting as barristers for Anne. Brown Rudnick advised on structuring the litigation funding. Read more.

Recent Fundings

Bench Walk backs companion claim against Mastercard and Visa

LCM backs claim against Indian Government

Woodsford funds Dutch class action against Airbus

Delta funds arbitration against Tanzania

Funder News

Madoff Fraud Victims Benefit from Rising Recovery Rates

Record New Case Investments

Burford Capital Provides Update on Strong 2022 Business Activity

Interim results for the half year ended 31 December 2022

Keep Reading

Insights

Trusts and Trust Receivers in the Context of Litigation Funding Agreements

Richard Hoyle and Lorraine Aboagye of Essex Court Chambers summarise a recent decision where the High Court ruled on various issues concerning a trust structure in the litigation funding context, including the role and powers of funded parties as trustees under a litigation funding agreement and the circumstances in which it may be appropriate to displace trustees with trust receivers.

New Fundings

PGMBM announces £100m funding partnership with North Wall Capital

International law firm PGMBM has announced a new £100 million funding partnership with North Wall Capital, bringing the total size of the partnership to £150 million. According to Bloomberg, the financing agreement allows PGMBM to only use the money for certain cases if they meet pre-agreed rules on what constitutes an ESG suit.

Agenda for European Litigation Funding Conference announced

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.

Litigation Finance Insider