Mike Lange, Securities Litigation Counsel at Financial Recovery Technologies quotes in Bloomberg

Yesterday’s article, For the World’s Super Rich, Litigation Funding Is the New Black, by Emily Cadman at Bloomberg, highlights the growth of litigation funding in Australia as a means for generating returns that outperform several traditional capital investments.

Key highlights:

  • According to Michael Peet, an analyst at Goldman Sachs Group Inc in Syndey, “Litigation funding is rapidly emerging as an alternative asset class.”
  • Litigation finance has outperformed on a multiple of invested capital bases according to Bloomberg and Goldman Sachs.
  • More than 60 percent of Australian class actions received funding so far this year, according to law firm King & Wood Mallesons, compared with less than 40 percent four years prior.
  • “Past settlements have attracted more funders and their numbers have grown in recent years,” according to Michael Lange, securities litigation counsel at Financial Recovery Technologies.

>> Click here to read the full article on Bloomberg

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FRT’s comprehensive suite of services helps institutional investors address the growing complexities of the global securities and non-securities class action landscape. To learn more about how FRT can help your firm maximize recoveries in non-securities class action settlements, contact your FRT representative or email us at learnmore@frtservices.com.

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Founded in 2008, Financial Recovery Technologies (FRT) is the leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.

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