Therium, Bloomberg Law, and the American Bar Association

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Case Development: Therium Funds Multi-Billion Pound Action Alleging Truck Cartel Price Collusion 

Six producers of big rigs have allegedly conspired in a 14-year scheme to defraud government regulators over emissions mandates. The Competition Appeal Tribunal has approved a ￡2B claim marking a historic first for United Kingdom collective actions. The Road Haulage Association (RHA) is representing an estimated 18,000 claimants as the beneficiaries of the hopeful award. Read the full article ?

Fundraising: Bloomberg Law on Historic ‘Secondary Deal Fund’ Landing $750M 

Bloomberg Law profiles Ashley Keller and Adam Gerchen as serial law entrepreneurs who have now raised $750M to fund the first secondary transaction litigation fund. Six years ago, Mr. Keller and Mr. Gerchen made headlines by selling their litigation finance firm for upwards of $160M to Burford Capital. Bloomberg Law reports that the secondary deal landscape for litigation finance is in its infancy. News of Keller and Gerchen’s new secondary market fund (under the banner of Gerchen Capital Partners) is being viewed as a signal of the maturing nature of litigation investment broadly. Read the full article ?

Podcast: The American Bar Association Promotes ‘Financing the Good Fight’ 

The American Bar Association’s Commercial and Business Litigation Committee recently conducted a podcast interview featuring former federal prosecutor Kenneth Harmon and former litigation attorney Giugi Carminati, who discussed litigation finance and the wide range of benefits associated. Listen here ?

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