Litigation Capital Management has become the latest funder to stop backing new cases, but its retreat might reflect a shift in how investors finance legal claims rather than waning interest in the sector.
Litigation Capital Management has become the latest funder to stop backing new cases, but its retreat might reflect a shift in how investors finance legal claims rather than waning interest in the sector.
BHP must pay interest on legal costs that victims of a Brazilian dam disaster have yet to cover, the Court of Appeal ruled Friday, rejecting the mining giant's argument that the award circumvented the ban on recovering lawyers' success fees.
The past week in London has seen failed cryptocurrency platform BitMEX sue Celsius Network amid ongoing litigation between the companies, and an independent music producer lodge a claim against Universal Music over the 1993 Gabrielle hit single "Dreams."
The Royal Bank of Scotland has hit back against a collapsed investment company's £73 million ($97 million) claim, denying it had any responsibility for allegedly allowing payments earmarked for solar farms to be misappropriated for the company's director.
A private investor has sued a financial analyst for allegedly failing to close stock trades as prices fell, claiming the inaction contributed to up to £14.7 million ($19.6 million) in avoidable losses under a deal the pair scribbled on a Post-it note.
Two suppliers of PPE have sued the government for more than £48 million ($64 million), alleging it misused their confidential information during a procurement bid for the provision of face masks during the COVID-19 pandemic.
The buyer of a €101.8 million ($114.6 million) luxury yacht whose builder sought insolvency before finishing the project has sued an Allianz unit for €58.8 million after the insurer allegedly failed to pay out over construction guarantees.
A building warranties provider has denied liability for more than £7 million ($9.3 million) in property insurance claims, arguing that it did not cause the losses with an alleged failure to exercise "reasonable skill and care" when issuing insurance policies on behalf of AmTrust.
Receivers seeking the proceeds from a Chinese investment fraud will not recover their legal costs after a dispute over which law governs claims to billions of pounds in cryptocurrency seized by British police, a London judge ruled Friday.
Truck maintenance company TIP Trailer Services UK Ltd. is suing several former Culina Group executives behind a trailer refurbishment business it bought for £12.1 million ($16.2 million), alleging they hid the business's ties to Culina and misled TIP about the reliability of a key contract with the logistics giant.
Sanctions could block approximately $29 million that oil companies owe Yemen if there is a significant risk that the money might reach the Houthi movement, even without proof that the group controls the country's government, Europe's top court has ruled.
Building safety legislation enacted after the fatal Grenfell Tower fire has prompted a "continued stream" of disputes, according to Alan Stone, head of construction at RPC. Here, he tells Law360 about the implications of the act and the use of AI in the sector.
