Eighteen Thousand a Head: When the Book Build Is the Asset The Commonwealth agreed to pay A$18,000 for every eligible claimant who registered in the Northern Territory stolen wages class action, so the size of the settlement was set by the outreach program rather than by the case. The funder earned A$3,600 on each person […]
The Residual Claimant: Two Settlements and the Layer That Doesn’t Shrink Google will pay £260 million to settle a UK class action and £160 million of that reaches the class. An Australian court approved a A$22.5 million settlement the same week and A$5.12 million reached the group members. The gap between 62% and 23% is […]
The Debt Didn’t Move: Burford’s Leverage After YPF Between December and June, Burford’s borrowings rose 13% and its leverage ratio nearly quadrupled, from 0.9x tangible book to 3.5x. Almost none of that came from borrowing. The denominator collapsed, because a court reversed a judgment and $2.4 billion of carrying value went with it. In the […]
The Template Behind the Ban: Tracing HB 105 to Its Source Most of the state litigation-funding bills in this wave descend from one model act adopted by insurance-committee legislators in November 2024. Lay the template beside the statutes and something odd shows up: the document is called a Transparency Act, and transparency is the part […]
The Ban That Wasn’t: Ohio’s New Litigation-Funding Law Ohio Governor Mike DeWine signed HB 105 in July and the coverage called it a foreign-funder ban. It isn’t one. It’s a licensing regime for the whole industry with a single real prohibition attached — and that prohibition, a look-through test on where a fund’s capital came […]
The Prohibition Model: North Carolina Bans Litigation Funding North Carolina became the first US state to outlaw third-party litigation funding outright — not disclosure, not a cap, a flat prohibition with $50,000 penalties and treble damages. It passed the House unanimously and the Senate 45-1, which is a strange result for a contested policy fight […]
The Litigation Grind: 42 Cases, 7 Years, 1.25% IRR An eight-member investor group put $2.3M into 42 commercial lawsuits on a retail platform and came out roughly where it started. The win rate was survivable; what the wins paid was not. The platform priced just under the funders who had already turned these cases down, […]
LexShares Case #1101: The Copycat Fuel Injection System A small engineering firm proved a €14 billion auto giant stole their technology — but $50M+ in claimed damages became a 1.12x return The Numbers Invested $30,000 Returned $33,710 Net Profit $3,710 MOIC 1.12x IRR 4% Holding Period 1,699 days The Case A Michigan engineering firm developed […]
LexShares Case #617: The $5 Million They Should Have Taken A retail developer rejected a $5M settlement offer, went to trial, lost, appealed, lost again. Total loss. The Numbers Invested $82,500 Returned $0 Net Loss ($82,500) MOIC 0.00x IRR -100% Holding Period 1,351 days The Case In 2009, a major metropolitan transit authority — one […]
LexShares Case #321: The Counterfeit Equipment Nightmare A small reseller bought “genuine” equipment from a Fortune 50 company. It was counterfeit. Their employees went to Chinese prison. The lawsuit went nowhere. The Numbers Invested $47,500 Returned $0 Net Profit ($47,500) MOIC 0.00x IRR -100% Holding Period 1,648 days The Case In 2011, a small East […]
The Trademark Enforcement Campaign 15 lawsuits, 4+ years, and a 1.10x return — the economics of volume trademark litigation The Numbers Invested $50,000 Returned $54,970 Net Profit $4,970 MOIC 1.10x IRR 2.1% Holding Period 1,673 days Distributions 5 payments The Case A financial advisor built a nationally-recognized brand around his radio program. His company owned […]
LexShares Case #656: The Groundskeeper Who Made History Johnson v. Monsanto — the first Roundup cancer verdict, a $289M jury award, and my small piece of legal history The Numbers Invested $25,000 Returned $42,399 Net Profit $17,399 MOIC 1.70x IRR 29% Holding Period 770 days The Case You probably heard about this one. Dewayne Johnson […]
LexShares Case #1098: The 31-Payment Settlement A medical finance fraud case settled quickly — then took 2.5 years to pay out in installments The Numbers Invested $30,000 Returned $50,703 Net Profit $20,703 MOIC 1.69x IRR 65% Holding Period 1,061 days Payments Received 31 The Case A Florida investor spent seven years building a relationship with […]
LexShares Case #310: When Winning Still Loses Money UKnight v. Knights of Columbus — a $100 million lawsuit wins at trial, but the $500,000 verdict doesn’t cover the litigation funding The Numbers Invested $170,000 Returned $149,937 Net Profit ($20,063) MOIC 0.88x IRR -4.41% Holding Period 1,018 days The Case List Interactive v. Knights of Columbus […]
LexShares Case #678: When a Giant Copied the Startup A trade secrets case generated 1.76x in 15 months — via a plaintiff buyout The Numbers Invested $150,000 Returned $263,269 Net Profit $113,269 MOIC 1.76x IRR 58% Holding Period 456 days The Case Cosmetic injections are a $4+ billion global market. The problem: poorly trained providers […]
LexShares Case #285: Riding the Rubber Band Craze How a toy licensing dispute turned $25,000 into $64,135 in under 2 years The Numbers Invested $25,000 Returned $64,135 Net Profit $39,135 MOIC 2.57x IRR 66% Holding Period 682 days The Case Remember when rubber band bracelets were everywhere? In 2013-2014, loom kits were the hottest toy […]
LexShares Case #217: My First Litigation Investment 640 days to break even — and why I consider that a win The Numbers Invested $10,000 Returned $10,000 Net Profit $0 MOIC 1.00x IRR 0% Holding Period 640 days The Case A software company developed a web-based payment platform for transportation companies. A Fortune 500 trucking conglomerate […]
LexShares Case #281: A 73-Day Win How a wealth management fraud case turned $75,000 into $134,295 in under 3 months The Numbers Invested $75,000 Returned $134,295 Net Profit $59,295 MOIC 1.79x IRR 1,741% Holding Period 73 days The Case A professional athlete trusted a major bank’s wealth management team with his career earnings. What followed […]
