'Revenge Porn' Probe and Investment Report Keep Burford in the Spotlight
First, a California investment firm enthusiastically endorsed the litigation funder's business model. Then came a report of a potential "revenge porn" prosecution in the U.K.
September 10, 2019 at 05:15 PM
5 minute read
The original version of this story was published on The American Lawyer
Burford Capital's time under the spotlight continues, with an enthusiastic assessment of its business model from a California investment firm on Monday followed by an eye-catching report on Tuesday of a potential "revenge porn" case in the U.K.
The litigation funder has had a rocky two months since short seller Muddy Waters Research dropped a 25-page report assailing its business model. And more bad news came on Tuesday, when the Financial Times published a report implicating the company's asset recovery business in a "revenge porn" scandal.
Daniel Hall, a top investigator for Burford, reportedly got his hands on sexually explicit material featuring oil billionaire Harry Sargeant III and a woman who works in a "heavily regulated industry that is reputation-sensitive".
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