Burford

For the First Time, Court Requires “litigation Funders” to Be Disclosed — but Only in Class Actions

On January 26, the U.S. District Court for the Northern District of California became the first court to mandate disclosure of litigation funding that parties in class actions receive from outside sources, under a revision to the court’s standing order applicable to all cases. The rule provides that “in any proposed class, collective or representative action, the required disclosure includes …


Lawsuit Funder Burford Buys Rival in the US

Two of the world’s biggest supporters of lawsuits are combining their businesses to create what one analyst described as a “gorilla” of the burgeoning industry. Shares in London-listed Burford Capital spiked 15pc after it unveiled its plan to spend up to $175m (£138m) to buy Gerchen Keller, a Chicago-based competitor in litigation funding. The two firms provide financing for claimants in …