Press Releases

IMF Bentham will seek to assist the ALRC inquiry into third-party funding and class actions

On 15 December 2017, George Brandis QC, the then Attorney General announced an Inquiry into third-party litigation funding and class action proceedings, to be conducted by the Australian Law Reform Commission (ALRC). IMF Bentham welcomes the Inquiry, and looks forward to assisting the ALRC to conduct a balanced, evidence-based review of the litigation funding industry.
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IMF Bentham launches further investment vehicles, raising A$150 million to fund future investments in Australia, Asia, Canada and Europe

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.
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Covenantholders v AET (Seas SAPFOR Litigation)

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.
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Woolworths to take stock of ASX disclosures as investors take aim

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.
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IMF Bentham Asian expansion

IMF Bentham Limited, Australia's largest litigation funder, is expanding its business in Asia with the launch of a new office in Singapore and the hire of Tom Glasgow as Investment Manager - Asia.
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Oakey Class Action to go ahead with funding secured

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.
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IMF launches US$200M investment vehicle to scale up US operations

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.
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Proposed class action alleging account standards contravention by Spotless

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.
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Former Judges to participate in investment decision making at commercial litigation funder IMF Bentham and its US arm, Bentham IMF

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.
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Bentham IMF unveils new whistleblower funding initiative

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.
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