Litigation Funder Burford Poised to Cash in From First-Ever Bankruptcy Deal

, The Am Law Daily


In the first deal of its kind, Burford Capital Ltd. is poised to make a 91 percent return on its $26 million purchase of a portion of a bankruptcy judgment. Burford will likely collect $50 million after an appeals court affirmed the $213 million judgment the litigation funder bought into.

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