The cost of litigation for small to medium sized companies and individuals can be prohibitive and a barrier to starting proceedings and succeeding against defendants who have acted inappropriately and caused financial loss. Smaller companies and local authorities also struggle to fund such actions to protect the assets of their stakeholders.
JustKapital is a leading litigation funder offering finance to corporate and individual plaintiffs and is focused on growing its revenue streams. To further international expansion, a co-funding agreement is in place with US-based Longford Capital to give access to an additional pool of financing and a flow of US based opportunities.
JustKapital was founded by Phil Kapp and Tim Storey. They lead a team of highly experienced individuals in Australia and New Zealand who can provide an expert view on the probability of success through the decision to consider funding plaintiffs in breaches of contract, breaches of company law, intellectual property infringement and securities exchange listing rules.
Litigation funding involves the financing of legal claims by third parties to meet the costs of conducting such litigation. Generally, the litigation funder assumes all or part of the responsibility for all litigation costs. For taking this risk, the litigation funder receives a reimbursement of all costs, plus a percentage of the settlement or judgement.
Macquarie Medico Legal (MML) is a market leader in the funding of medical reports and related medical professionals’ expenses associated with personal injury cases. In January 2016, JustKapital acquired the assets and business of MML.
US-based Longford Capital Management, LP, is an established leader in the litigation finance industry. In July 2015, JustKapital signed a Joint Venture and Co-Funding agreement to jointly finance cases in Australia, New Zealand, the United States and other jurisdictions.