Litigation funder in Cigna case: ‘Never in my wildest dreams did I imagine this would happen’
By Alison Frankel From Reuters When Irish real estate developer Garrett Kelleher agreed to put up about $3 million to back Cayman Islands litigation to enforce Liberian judgments against the insurer Cigna, he thought the worst possible outcome was that…
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Arrest warrant issued for litigation funders in $180 million case v. Cigna
By Alison Frankel From Reuters This is not how litigation finance deals are supposed to go. On Friday, U.S. District Judge Paul Diamond of Philadelphia issued a bench warrant for the arrest of Martin Kenney, a lawyer based in the…
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Litigation funders hit with sanctions in $180 million case v. Cigna
By Alison Frankel From Reuters (Reuters) – Litigation funding is an opaque industry. Sure, extremely large funds like Burford Capital, Bentham IMF and Gerchen Keller put out occasional press releases to announce new capital or quarterly results. Once in a…
