Vannin backs claim against Google

Vannin Capital is backing a claim filed by Hausfeld in the Competition Appeal Tribunal against Google on behalf of an estimated 19.5 million eligible UK users of smartphones and tablets running on Google’s Android operating system. The claim alleges that Google unfairly restricts consumers from accessing potential competition from other app distributors, by requiring smartphone manufacturers to pre-install a bundle of Google’s proprietary apps and services including the Google Play Store as well as imposing other contractual and technical restrictions. Estimated damages run up to £920 million. Read more.

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New litigation funding firm launches in New York

Michael German and Chris Baildon have co-founded Lex Ferenda Litigation Funding, a new litigation funding firm in New York, to invest in US litigation and domestic commercial arbitration. Michael previously worked at former litigation funder Vannin Capital, and Chris has a background in investment banking and finance. The firm said it completed a first capital raise and is “well on the way” to reaching its $100 million target for the initial fund.

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