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 …
