The Defense Side Buys In: A $700M Bet on More Litigation Charlesbank is close to paying roughly $700 million for a management services stake in a 500-lawyer insurance defense firm — the largest private equity investment in an American law firm yet attempted. The pitch the firm made to buyers is that private equity and […]
The Money That Can’t Move: Three Claims on One Client Account A court awarded £42.7 million of costs to the claimants in the Mariana dam litigation, and the money landed in their law firm’s client account. A Brazilian funder says it should have gone straight into an account securing its loan. The firm says the […]
The Premium That Bought Nothing: When ATE Insurance Doesn’t Pay £19.5M of after-the-event premiums bought policies that never paid out on a single claim, and the funder whose money paid for them is now suing the insurer to get them back. In the same month, seven claimants learned that their £16.2M of the same cover […]
The Coupon That Couldn’t Wait: Woodville and the Fixed-Date Trap A UK litigation funder just collapsed with a £249M loan book, 300,000 claims, and about ten employees. It didn’t lose the cases — the cases haven’t finished. It promised investors fixed quarterly interest and fixed repayment dates on an asset that pays whenever a court […]
How “Senior Secured” Became Subordinated Scraps A $15M “senior secured” loan to a class action law firm — how I lost $87,723, and what the offering documents said before I lost it This is the most expensive lesson in my portfolio and the one I link back to most often, so I’ll put the takeaway […]
