The team at Woodsford explains why litigation funding is such a great fit for antitrust matters, and provide insight into the softer benefits of litigation funding, including an additional layer of diligence at an early stage of the process, leading to greater rigour in risk and cost-benefit assessments.
Ryan Schultz of Woodsford shares that a US District Court recently ruled that communications between a plaintiff’s law firm and litigation funders, including those funders that ultimately did not fund the opportunity, were protected under work product privilege, rejecting arguments by Samsung that the documents were not privileged because they were not created with a primary purpose of the present litigation but rather for obtaining funding.
Woodsford is funding a Dutch class action brought by Scott+Scott on behalf of Airbus investors relating to alleged large-scale corruption and bribery perpetrated by Airbus. Investigations by various authorities subsequently resulted in Airbus having to pay a fine of approximately €3.6 billion (US$4 billion). When this information became publicly known, the price of Airbus shares fell sharply, causing losses to investors.