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Bargain shares: Backing litigation funding winners

A litigation funding company has announced three major litigation finance agreements in the past seven weeks and is set to launch a follow-on third-party fund
Bargain shares: Backing litigation funding winners
  • Third major litigation finance agreement in past seven weeks
  • Follow-on $300m third-party fund to launch as soon as final investments selected for the original $150m fund are approved by the investment committee

Litigation Capital Management (LIT:121p), a provider of litigation financing that enables third-parties to pursue and recover funds from legal claims, has entered its third major litigation finance agreement in the past seven weeks.

The company has agreed to provide a litigation finance facility to Edward Vermeer and David Boyle in an application to commence a collective action launched in the Competition Appeal Tribunal against Govia Thameslink Railway and its parent companies, The Go-Ahead Group and Keolis (UK) Ltd. The facility will fund a claim alleging Govia abused its dominant position in the market for rail services on the London-Brighton mainline, in breach of the Competition Act 1998. 

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