Litigation Funder Burford Capital Sees Investor Suit Dropped

Law360 (December 20, 2019, 6:38 PM EST) -- Investors who accused litigation funder Burford Capital Ltd. and its top executives of juking its financial metrics have withdrawn a proposed class action against the firm.

In a brief notice, the court-appointed class representative told a New York federal court on Thursday that the case was being voluntarily dismissed.

“No defendant has either answered the complaint or filed a motion for summary judgment in this case,” according to the filing.

A trio of investors, including Stephen Merz, hit Burford with a stock-drop suit in August accusing the funder of using fuzzy numbers to mislead investors while neglecting to disclose that it...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!