Judgment Delivered in Insolvency Claim
Litigation Capital Management Limited announced that an Australian Court has delivered an unsuccessful judgment in an insolvency claim that LCM funded entirely from its balance sheet with A$2.9 million in shareholder invested capital. The company is currently reviewing the judgment and assessing potential next steps with legal representatives, noting that a policy of ATE insurance is in place to mitigate adverse costs risk.
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Litigation Capital Management Limited ("LCM" or the "Company"), an alternative asset manager specialising in dispute financing solutions internationally, announces that an Australian Court has delivered judgment in an insolvency claim. The case was unsuccessful. LCM funded the case entirely from its own balance sheet with A$2.9 million in shareholder invested capital. A policy of ATE insurance is in place to mitigate adverse costs risk.
LCM is currently reviewing the judgment and assessing potential next steps alongside legal representatives.
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