- 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.