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The American Lawyer

This Litigation Funder Has Loaned Money To a Growing List of Troubled Firms

When Philadelphia-based Sacks Weston declared bankruptcy in August, it became the latest firm to do business with Virage Capital and then hit the skids.
11 minute read

The Legal Intelligencer

Sacks Weston Set to Continue Operations for the Next Month, Court Rules

A bankruptcy judge found the firm could continue to use the approximately $98,000 left in its operating and payroll accounts for now. Litigation funder Virage Capital, owed $14 million, wants the funds to be categorized as cash collateral.
3 minute read

Daily Report Online

King & Spalding Clients Ordered to Pay Troutman Pepper $4.7M Ask Ga. Court of Appeals for Their Money Back

"If I thought King & Spalding had a great lawsuit, I would have expected to see Jim Butler sitting there because there's so much money," said defendant-appellee attorney J. Randolph "Randy" Evans of Squire Patton Boggs
6 minute read

Connecticut Law Tribune

Day Pitney and Hassett & George Emerge on Losing Side of Asset-Division Argument

The defendant said if the court enforced the ketubah, it would "violate the establishment clause by entangling the trial court in religious matters," the opinion said.
4 minute read

The Legal Intelligencer

Sacks Weston Name Partners Live 'Like Millionaires' Despite Owing $14M to Litigation Funder, Court Documents Allege

Virage Capital asserts that the two partners at the bankrupt Philadelphia firm have been misusing collateral pledged to a 2017 loan that's now in arrears.
5 minute read

International Edition

US Judge Says Argentina Owes $16B in Case Financed by Litigation Funder Burford Capital

Burford Capital stands to collect more than $5 billion after backing a moonshot case for investors burned by Argentina's nationalization of oil company YPF.
3 minute read

International Edition

India as an Emerging Hub for International Arbitration

The Delhi High Court recently established a significant precedent by clarifying third-party funders cannot be held liable to pay adverse awards, and here's how it will change the landscape of arbitration in the country.
4 minute read

International Edition

Slater and Gordon Secures £33M Capital Injection from Litigation Funder Harbour

A dramatic UK Supreme Court ruling in July asserted that litigation funding agreements are 'unenforceable' in competition cases.
2 minute read

International Edition

'Not Jumping Out of the Window Just Yet': Industry Reacts to Supreme Court's Litigation Funding Verdict

Some have downplayed the implications of the UK court's ruling, while others say the fallout could be 'massive' and will hurt consumers and help corporates.
5 minute read

International Edition

UK's Supreme Court Strikes Blow to Litigation Funding

The country's top court has ruled that damages based agreements by litigation funders in competition cases are unenforceable.
4 minute read

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