London-listed Litigation Capital Management appoints veteran accountant as CFO BUSINESS Litigation Capital Management has appointed David Collins as its new chief financial officer, as Mary Gangemi is set to resign
Amazon hit with ‘biggest ever’ UK class action in £1bn legal case LAW The 'biggest ever' class action will be filed to a London Tribunal against Amazon over allegation it has illegally misused data and manipulated its Buy Box
Election leaves litigation funding Bill in limbo. What’s next for the multi-billion pound industry? LAW After a huge push from the funding industry to introduce a new law on litigation funding, the PM called on a snap election which now puts it into limbo
Silicon Valley Bank collapse poses ‘tremendous opportunity’, lawsuit funder LCM says March 14, 2023 The collapse of Silicon Valley Bank poses a “tremendous opportunity” for more lawsuits, funder Litigation Capital Management (LCM) has said. The firm is readying itself to profit on an uptick in bankruptcies as the global economy hits a slump, the company’s chief executive has said. The Australian financier, that in February made £7m in profits [...]
KPMG’s Carillion settlement generates £7m profit for Aussie litigation funder February 20, 2023 An Australian litigation funder has more than doubled its money after giving Carillion’s liquidator millions to fight a £1.3bn lawsuit against KPMG. Litigation Capital Management (LCM) has generated more than £7m in profits after funding the claim brought by Carillion’s liquidator against the Big Four firm, the Aussie firm said today. LCM’s announcement comes [...]
How class actions became a hot trend in the UK August 8, 2024 The class action boom has made the UK a major hub for legal action - but this surge is a rising concern for business on the impacts of these mammoth claims
Arctic miner GreenX to pocket £740m in damages from Polish government November 29, 2022 Arctic miner GreenX Metals is set to pocket £737m in damages from the Polish government, following a hearing in London over the past two weeks. The London-listed company, which mines for metals critical for the green transition, had sued Poland for profits lost in relation to two projects, Jan Karski and Debiensko, based in the [...]
Litigation Capital Management bosses say Burford woes will not dampen sector September 10, 2019 The management of litigation funder Litigation Capital Management (LCM) said today that the negativity around fellow funder Burford Capital would not dampen the sector, as they announced their debut London results to the stock market. Last month Aim-listed Burford was savaged in an attack by shortseller Muddy Waters which criticised its governance and its use [...]
Google and DeepMind face class action lawsuit over patient data deal with London hospital May 16, 2022 London law firm Mishcon de Reya is bringing forward a major class action lawsuit against artificial intelligence (AI) firm DeepMind and its sister company Google over claims the two firms misused UK patients’ medical records while working with the Royal Free Hospital. The lawsuit, filed to the High Court on behalf of 1.6m individuals, comes [...]
Thousands of London black cabbies hit Uber with a £250m lawsuit May 2, 2024 A group legal action targeting ride-hailing provider Uber has been filed to the High Court on behalf of thousands of London black cab drivers