Bankruptcy trustees have long been coveted clients by litigation funders who say they can provide down-and-out companies money to pursue claims in court.
Chicago-based Longford Capital Management LP is making a play based on that strategy with its hire Monday of director Marc Carmel from Paul Hastings, where he was of counsel after joining that firm in 2011 from Kirkland & Ellis’ partnership. Carmel left Paul Hastings on Friday.
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