Bentham IMF, the world’s most successful litigation funder, adopted a Code of Best Practices today. The Code will govern its operations in the United States.
An Australian Court has become the first in the world to find a ratings agency liable for AAA ratings on junk derivatives, paving the way for many new possible claims in the United States and elsewhere.
In a judgment handed down on Friday, September 21, 2012, the Australian Federal Court found that Lehman Brothers Australia had breached its fiduciary duties to municipalities, charities and churches by selling them highly risky, “synthetic” collateralized debt obligations (SCDOs), which blew up in the housing crisis.