Nicola Foulston, CEO of RBG Holdings. Courtesy Photo. Listed Law Firm Group Hit By £4M Litigation Funder Write Off
RBG said its board is reviewing its strategy with respect to third party litigation funding.
December 06, 2022 at 05:40 AM
2 minute read
RBG Holdings, the professional services group behind law firm Rosenblatt, has reported a £4 million cash write off to the London Stock Exchange after losses incurred by its litigation finance subsidiary.
In a trading update from earlier this week, the group said that the subsidiary, 'LionFish', had "recently lost two of the cases that it has invested in", and that following a review, RBG's board had concluded that any further appeals on these cases were no longer viable.
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