This week, the members of the Williamtown Contamination Class Action received some good news in the run up to Christmas: $57m in compensation was distributed by their settlement scheme administrator, Ben Allen of Dentons. The distributions followed from the landmark settlement achieved in February 2019 by Omni Bridgeway’s funded class action.
Omni Bridgeway’s Stephanie Southwick sits down with Aravinda Seshadri, founding partner of Venturous Counsel, to discuss why ensuring a diverse workforce is good for business in Silicon Valley and beyond.
A recent decision of the Supreme Court of Queensland (Court of Appeal) held that the funding agreements between a funder and the members of a class action were not unenforceable as being against public policy and recognises the public benefit to be derived from class actions funded by a third party litigation funder.
We’re growing our Canadian team to meet the needs of sophisticated clients as the size and volume of the deals we handle in the country has increased. Please join us in welcoming Mara Abols as Corporate Counsel-Canada for Omni Bridgeway!
Recent statistics by the United States District Courts indicate the average civil case takes 28.4 months from filing to trial, a figure which seems to be on the rise. With cases increasingly becoming lengthy and costly consider litigation finance at any stage of your case to help you get to the finish line.
Vanguard speaks with Chris Young, Omni Bridgeway’s GC for North America and Chief Compliance Officer, about the growth of the litigation finance industry and the reasons why he embraces risk in his line of work.
Companies often take on significant debt from financial institutions to finance mergers and acquisitions. Learn how litigation finance can be used to stimulate cash flow until the deal is sealed.
Increasing numbers of corporate Environmental, Social, and Governance (ESG)- related class actions may benefit from dispute funding due to their size, scope, and complexity.
We look ahead on our one-year merger-versary excited to expand geographically, introduce new funding solutions to the market and pursue strategic priorities to increase deal flow, grow our funds under management and achieve operational excellence.
We discuss the first written opinion expressly approving third party funding in the British Virgin Islands and what that means for those looking to use litigation finance there.
Omni Bridgeway was delighted to participate in a successful and stimulating Australian Arbitration Week (AAW2020), held in mid-October 2020. Given the current COVID-19 restrictions, AAW2020 was offered virtually and open to registrants from around the globe. It included speakers from Australia and abroad, including Omni Bridgeway arbitration specialists located in Australia, Asia and the US.
Legal challenges to the use of litigation finance continue to get debunked. Ken Epstein and Nilufar Hossain analyze recent case law discussing whether the presence of funding affects a prevailing party’s standing to recover a statutory fee award.
The clock is ticking. Exploring litigation funding sooner rather than later can help law firms lessen the impact of the current economic slowdown before the end of the fiscal year.
In countries where it is permitted, Omni Bridgeway’s investment managers offer their expertise in managing complex arbitration, litigation and recoveries. This can enhance the claimant’s chances of achieving the best possible result.
With the threat of large NPLs (non-performing loans) looming in the face of an economic downturn, financial institutions can turn to dispute funding to alleviate the risk of, and retrieve value from, NPLs.
