Allegations Against Burford Could Muddy the Waters for Litigation Funding, Law Experts Argue
Some legal experts argue the litigation funding industry is poised for change after the Burford-Muddy Waters showdown.
August 14, 2019 at 03:50 PM
6 minute read
The original version of this story was published on Law.com
The law community has had about a week to digest the accusations ping-ponging between Burford Capital and San Francisco-based investment firm Muddy Waters, and legal experts remain divided about the facts and impacts of the exchange. However, some argue the litigation funding industry might not look the same in the aftermath.
Last week, Muddy Waters published a report calling Burford "arguably insolvent" and accused the litigation funder of manipulating its metrics for gauging financial returns. The next day, Burford issued a scathing rebuttal and hosted a lengthy shareholder call, slamming the report as false and misleading. On Sunday, Burford officially accused Muddy Waters of market manipulation. The Rosen Law Firm in New York is investigating the allegation on behalf of shareholders, and Freshfields Bruckhaus Deringer, Quinn Emanuel Urquhart & Sullivan and Morrison & Foerster are advising Burford.
The back-and-forth continued on Tuesday, with Muddy Waters ripping into Burford's response.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Law Firms Mentioned
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 4What We Know About the Kentucky Judge Killed in His Chambers
- 5'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250