Clime Capital has settled a Federal Court class action in principle for an agreed sum of $8.3 million. Consequently, investors that purchased UGL shares within the claim period have suffered compensable loss, Clime and IMF said. If the settlement becomes unconditional, IMF expects to gain about $8.3 million, which includes the reimbursement of project costs. Clime recently made an off-market …
One of the most successful litigation funding companies in the world has widened its U.S. reach, establishing a base of operations in Texas. On Feb. 21, Bentham IMF announced attorney Eric Chenoweth, a commercial and intellectual property litigator formerly of Yetter Coleman, will head the Australian-based company’s new Houston office. “I believe there are many funding opportunities …
Litigation funder IMF Bentham plans to back a class action against the Australian Defence Force over the Williamtown contamination scandal. A firefighting chemical used by the Williamtown RAAF base, 30km north of Newcastle, five years ago has been found to have polluted groundwater and soil at the base and in the surrounding residential area. Now Williamtown residents want to sue the Defence …
If you haven’t made partner, you haven’t failed This year will be marked not only by a sweep of fresh class actions, but an increase in corporate legal battles as litigation funders bring online a range of new products. Executive chairman Philip Kapp of listed funder JustKapital said the main area of concentration for litigation funders over the next year was an expected growth in corporate …