IMF Bentham Limited, the parent company of US-based Bentham IMF, announces today that it has raised two litigation finance investment vehicles with aggregate committed capital of A$150 million to fund future investments in Australia, Asia, Canada and Europe. The announcement follows the company’s February 2017 launch of a USD$200 million litigation finance funding vehicle to fund investments in the United States.
Australia’s largest litigation funder IMF Bentham is teaming up with Australia’s leading class action law firm, Maurice Blackburn Lawyers for a potential class action on behalf of shareholders in Sirtex Medical Limited.
The claims arise as a result of AET’s conduct as the trustee of the SEAS Sapfor (Southern Australian Perpetual Forests) scheme, and are being brought on behalf of around 4500 scheme investors (known as the Covenantholders) by Mr David Kerr of RSM as the court appointed additional trustee of the scheme.
Bentham IMF announced today that Allison Chock has been named as the new Chief Investment Officer for the company. Allison steps into the role after serving for almost four years as an Investment Manager and head of Bentham’s Los Angeles office.
Australia’s leading class action law firm, Maurice Blackburn Lawyers, together with the support of global litigation funder IMF Bentham, today opened an online registration portal for aggrieved shareholders to sign up to a claim that could well exceed A$100 million.
Shine Lawyers has today announced that a class action brought against the Commonwealth of Australia (Department of Defence) in connection with land contamination will go ahead, with litigation funder IMF Bentham Limited (IMF) electing to unconditionally fund the litigation.
Bentham IMF taps Eric Chenoweth, longtime litigation partner of top-ten trial boutique Yetter Coleman to head new office; Company sees substantial commercial funding opportunities across Texas’ vibrant litigation market.
Litigation funding company, IMF Bentham Limited, has launched a US$200 million litigation investment vehicle together with funds managed and advised by a large US hedge fund, focused on the US market. The Funds will invest up to US$150 million and IMF will invest up to US$50 million.
IMF Bentham and William Roberts Lawyers today announce that IMF is proposing to fund proceedings in the Federal Court of Australia against Spotless Group Holdings Ltd. The allegation is that Spotless’ financial results for the 12 months to 30 June 2015, released on 25 August 2015, were misleading and in breach of Spotless’ continuous disclosure obligations.
Leading class action law firm Slater+Gordon and litigation funder IMF Bentham Limited have announced they are investigating a claim against Bellamy’s Australia Ltd on behalf of investors who acquired shares in the company between 14 April 2016 and 9 December 2016.
Law firm Gadens yesterday filed class action proceedings in the Federal Court of Australia against the Department of Defence on behalf of the local community which has been devastated by contamination emanating from the RAAF base in Williamtown near Newcastle NSW.
Vaughn R Walker, former United States District Judge for the Northern District of California and John Sulan, former justice in the South Australia Supreme Court, will help the company vet opportunities to fund commercial litigation and arbitration matters for clients in jurisdictions including the U.S., Australia, Canada, New Zealand, Hong Kong and Singapore.
In the past three years, Bentham has entered into five funding transactions with whistleblowers and their counsel in cases exposing fraud committed against the government. Bentham now announces a new initiative to arm whistleblowers with the resources they need to successfully pursue these claims.
IMF Bentham, the world’s pioneering and most experienced commercial litigation funder, announced it has agreed to sponsor the IMF Bentham Class Actions Research Initiative at UNSW Australia’s Faculty of Law. IMF will commit $160,000 in funding to the Initiative over an initial 2-year term.