LEGAL FINANCE SE EQS-News: Litigation funding: Legal Finance SE exercises option - Major litigation, EUR 1.1 million in dispute
Transparency directive : regulatory news
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Issuer: Legal Finance SE
/ Key word(s): Incoming Orders/Financing
Legal Finance SE, through its subsidiary Legal Finance International GmbH (Düsseldorf), has entered into a litigation financing agreement for an international tort case with a value in dispute of up to EUR 1.1 million. In August 2023, Legal Finance entered into an option agreement to secure the exclusive right to finance the litigation. On 13 October, Legal Finance exercised its option. This means that Legal Finance is financing a major international tort case with a total value in dispute of up to EUR 1.1 million. The financing of further claims and ancillary proceedings arising from related matters is currently under negotiation. The complex international case involves multiple jurisdictions, including non-European jurisdictions. Since the conclusion of the option agreement, Legal Finance has been monitoring the out-of-court development of the case and conducting further diligence. As usual, Legal Finance is only involved in the financing of the case and is not intervening in the litigation. The litigation is conducted solely by the claimant through experienced litigators. Legal Finance SE
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