Litigation funding in the news

An article in The Age examines the financial viability of John Walker’s publicly listed litigation funder, IMF. Its share price has varied from 40c to $1.90 in recent times. It is funding 60 cases with a maximum claim value of $1 billion. Walker employs a “17-member team, which includes a clutch of lawyers, debt collectors and former investigators from the Australian Securities and Investments Commission and the fraud squad.”
An article in Lawyers’ Weekly provides a happily brief overview more or less accessible to the lay reader.
The High Court recently gave the thumbs up to litigation funding recently in Campbells Cash and Carry Pty Limited v Fostif Pty Limited [2006] HCA 41.

The transcript and audio for ABC Radio National’s Law Report on the decision begins with the aphorism “Justice is open to all, just like the Ritz Hotel”.

See also:

Print Friendly, PDF & Email

Leave a Reply

Your email address will not be published. Required fields are marked *