Litigation Funder Burford Capital Accused Of Juking Metrics
Law360 (August 21, 2019, 10:08 PM EDT) -- Litigation finance firm Burford Capital Ltd. has been manipulating its metrics to paint a "misleading picture" for investors while neglecting to mention that the company is "already arguably insolvent," according to a putative class action filed Wednesday.
An investor has hit Burford Capital, whose offices are in central London, with a suit seeking unspecified damages in New York federal court. (AP) Investor Stephen Merz hit the U.K.-based firm with his stock-drop suit seeking unspecified damages in New York federal court. The suit comes on the heels of a report criticizing the company's accounting methods and subsequent allegations from Burford Capital that its...
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