Class action in Australia by shareholders against leading medical device company alleging misleading statements and non-disclosures related to earnings and dose sales growth, and that CEO engaged in inappropriate share trading activities, causing loss and damage to shareholders. Claim settled for A$40 million in August 2019.
In February 2020, Omni Bridgeway announced a A$212.5m conditional settlement in three long running Federal Court class actions we funded against the Commonwealth Department of Defence in Australia.
We provided finance for professional negligence claims against Ernst & Young, auditors of Orient Power Holdings Ltd, an entity listed on the Hong Kong stock exchange.
In Canada, we are funding an action by an insolvent debtor, Bluberi, against its main lender, who it alleges acted in a predatory way in order to cause Bluberi’s demise.
On a confidential basis, we provided finance for US$200m professional negligence claims against an auditor relating to the collapse of a substantial listed gold and jewellery business.
We are funding a portfolio of international arbitration proceedings in London and Singapore, arising out of contractual disputes between a media and entertainment company and two of its customers, which are large telecommunications companies.
We are funding one of the first funded international arbitrations in Hong Kong since the Special Administration Region amended its Arbitration Ordinance (Cap. 609) to permit third party funding (effective February 2019).
Working with a leading public international law firm in London, Omni Bridgeway successfully funded confidential international arbitration proceedings brought by a corporate SME against an African state for breach of contract relating to an energy project.
We are funding international dispute resolution in Singapore International Arbitration Centre (SIAC) against an Asian state-owned entity following a failed M&A transaction (corporate acquisition) in the energy sector.
In the second of this two-part series in The State Bar of California's 'Big News for Solo and Small Firms,' L.A. Investment Manager David Gallagher discusses common ethical issues raised by practitioners over the use of litigation funding.
Winning a case may represent just the first step in a long, difficult battle to recover the proceeds. Omni Bridgeway assists clients in Asia by leveraging deep local knowledge, global resources, and decades of enforcement expertise.
Dispute finance plays a valuable role in the community providing access to justice for those without the means to pursue complex and costly disputes. Omni Bridgeway Limited provides non-recourse finance and strategic know-how to claimants and group members in class actions, that enables them to seek redress without risk in the event of an unsuccessful outcome.
Global disputes funder Omni Bridgeway Limited welcomed the Supreme Court of New South Wales judgment in November 2019 in the Brisbane floods class action. The court found that the claim for negligence, brought by the class representative, against each of the State of Queensland, Queensland Bulk Water Supply Authority trading as Seqwater and Sunwater Limited, was proven.
Omni Bridgeway Limited welcomes the proposal outlined by the Federal Government today to require all litigation funders operating in Australia to hold an Australian Financial Services Licence (AFSL) and to conduct class actions in compliance with the managed investment scheme (MIS) regime.
In-house teams are increasingly being asked to do more with less. Dispute finance can provide a pathway to help them achieve their companies’ financial goals while pursuing highly meritorious claims and substantially mitigating risk.
Class action brought in Australia by institutional and retail investors seeking damages caused by Treasury Wine Estates’ failure to disclose material information concerning excess inventory held by US distributors. Claim settled in 2017 for A$49m.
The Supreme Court of Canada recognized Omni Bridgeway’s litigation funding arrangement as ‘fair and reasonable’ in a landmark decision for the litigation finance industry in Canada. We delve into the details of the Court’s written opinion on our blog.
Omni Bridgeway funded a class action representing more than 185,000 Australians in relation to the alleged unfair and unlawful charging of bank fees by some of the major banks in Australia.
Omni Bridgeway funded the Air Cargo cartel class action alleging that major international airlines engaged in price-fixing in relation to the provision of air freight services, for a period of approximately seven years from 1 January 2000.
