Class/Group Actions (Non-US)

Hold large organizations and governments accountable for the mass wrongs they commit by participating in group actions made possible with Omni Bridgeway’s financing and managed by our experienced group actions team.

Balancing the scales after a large group suffers the consequences of an injustice is possible through legal redress, but it requires a substantial investment of capital and litigation talent. Omni Bridgeway has funded large and impactful group actions.

In Australia in particular, our ability to standup a class has made us a sought-after resource for pursuing group actions. Omni Bridgeway’s long-established book build capabilities afford critical advantage—especially since the jurisdiction decided to readopt its opt-in requirements.

Our company stands as a stalwart ally to victims of mass wrongs. We have consistently advocated for and advanced the interests of class members, helping to encourage regulatory reforms enabling groups to hold bad actors accountable and providing the means for claimants to recover billions of dollars in restitution.

Typical Uses

  • Standing up group actions via expert book build capabilities
  • Paying legal fees and costs for expensive litigation
  • Aligning incentives between claimants and legal counsel

Features

  • Non-recourse – not due for repayment in the event of unsuccessful results
  • Customizable based on need, including (in certain jurisdictions) as “seed financing” to obtain expert opinions on claim viability and as security for costs
  • Available for single group actions or portfolios containing group actions
  • Includes expert dispute management services in jurisdictions outside of the US
  • Extends to disbursement funding and adverse costs cover in cost-shifting jurisdictions

Criteria

  • Strong prospects of achieving successful results in the group action
  • Clear ability for the opposing party to pay (enforcement services available from our team)
  • Anticipated judgments exceeding 10x the necessary funding amount

How it Works

The process of applying for financing from Omni Bridgeway is easy and efficient. Contact us to discuss your funding needs and the assets intended for use as collateral. Our team will assess the opportunity and propose bespoke terms depending on the complexity and risk of the investment and the unique needs of your firm.

 

If you have a case that meets our criteria,
if you are interested please contact us.

Case Studies

Wivenhoe Dam - Queensland flood/Access to justice for flood victims

We are funding (with funding participation by another entity) a class action on behalf of around 6,500 people seeking compensation for financial loss or damage caused by the negligent operation of the Wivenhoe and Somerset dams in the lead up to and during the January 2011 flood in Brisbane, Queensland.

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Shareholder action against global healthcare business, Sirtex Medical Ltd - Our finance helped recover losses for shareholders

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.

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Groundbreaking environmental tort class actions, Australia

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.

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Shareholder class action against property and retail group

This was a shareholder class action alleging that Centro Properties breached their obligations of continuous disclosure.

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Shareholder action against Treasury Wine Estates Limited

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.

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Let’s work together

We look forward to learning about your needs and how we can help you accomplish your key financial goals. Send us a message or view our global contacts page to speak with a particular professional in one of the 20 cities where our teams are located. 

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