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Posted On: 08/31/2018 1:06:26 PM
Post# of 82676
An article about litigation funders (Therium mentioned) ..... they don't take cases that are losers, and they expect to be paid.
https://www.houstonchronicle.com/business/art...924091.php
I think it's safe to say that between R&G, Therium, and VGL Capital --- this case has pretty much already been decided.
I see lot's of trebles in our future.
https://www.houstonchronicle.com/business/art...924091.php
Quote:
Ninety-five percent of the firms seeking funding from Bentham are rejected, he said.
Quote:
Chevron discovered the financial backer of the case brought by Nigerians hurt in the blast was Therium Capital Management, a litigation investment firm based in the Channel Islands off the coast of France. Therium invested $1.5 million into the case, under the terms that it would be paid $9 million, or six times what it initially invested, plus 2 percent of the total recovery if the lawsuit succeeded, according to court records. Therium’s contract with the Nigerians’ lawyers also prohibited them from spending money on additional lawyers, forensic accountants or other experts without the written permission of the investment firm, raising questions of whether the lawyers were representing the interests of their clients or their financial backer.
I think it's safe to say that between R&G, Therium, and VGL Capital --- this case has pretty much already been decided.
I see lot's of trebles in our future.
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