Equity capital of £535,000 required to fund an unfair prejudice petition by Claimants who are the minority shareholders in a high-value housebuilding business against the majority shareholder in his capacity as the company’s main director. According to Counsel’s assessment, the claim for unfair prejudice is likely to enjoy strong prospects of success with probability in the region of 65-70% at trial. The business is performing well and we expect enforceability will therefore be relatively straightforward. The claim value is £3-5m+. The Solicitor is working with 50% of his fees contingent on the case winning ensuring strong alignment of incentives. If the case resolves favourably at 30 months after equity issuance, investors will potentially have an MoC of 2.8x. In addition, 53% of the invested capital is protected by investment grade ATE insurance cover. In the event the claim is unsuccessful, investors would limit their downside to c 47% net of the ATE cover.
£316,500 Available to fund
2.8x after 30 months MoC
Open for investment
Capital is at risk and projected returns are not guaranteed. Investors have a significant risk of losing all of their investment if the case fails and could lose double their investment in the unlikely event that the case insurer also defaults.
28 Days left
Investment type: Equity
Funding of up to £355,000 is required for the claim managers coordinating a group litigation claim with an estimated claim value of £180m+ against 2 retail banks for misrepresentations concerning fixed rate small business loans. The claim is already underway since May 2019 with over £12m of financing committed by another litigation funder to cover the costs of the actual litigation. A detailed opinion by a leading QC rates the prospects of success at trial at 60%+ (if the case does not settle pre-trial). The Company’s capital will be used to source additional claimants for the case and also to cover some of the overheads of the claims management team. The Company is acquiring a senior allocation of the claim managers’ share of the proceeds – ensuring good alignment with the veteran team coordinating the litigation. The solicitors and counsel running the case have c 30% of their fees contingent on a positive outcome. ATE cover of £16m has been put in place. If the case settles pre-trial, investors will have an estimated multiple on capital of 1.85x. If the case wins at trial investors will have an estimated multiple on capital of 2.51x. We expect that the case will be resolved within 2 years.
Amount Raised: £230,000
Capital required to fund a claim of software theft and copyright infringement. The case is supported by extensive electronic and CCTV evidence lodged with the police. The Claim value is estimated to be £5-10m based on the most recent investment rounds and the company’s operating performance. The Claim value is over 17x the cost to litigate. A detailed independent opinion by a senior lawyer identifies a strong basis to file the claim and a high probability of obtaining a favourable resolution. Our research indicates that the Defendants have sufficient resources to pay the damages. The lawyers running the case are experienced running this type of claim and are highly incentivised to achieve a positive outcome. Unless early settlement is reached, the Claim will be filed in the Barcelona Commercial Court. If the Claim settles pre-trial, investors are senior in the cash waterfall and contractually entitled to a Return of 66% per annum increasing until proceeds are received. If the Claim wins at trial, investors are contractually entitled to the greater of a Multiple on Capital (MoC) of 2.8x and an uncapped Return increasing at 66% per annum (33% for each 6 months of part thereof).
Amount Raised: £255,000
Date Funded: 17/05/2021
What is litigation crowdfunding? How litigation crowdfunding provides the possibility of attractive return to potential investors? Watch this video.
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Complete our simple registration process: click on Find out more - you then need to complete an Investor Readiness process and upload some Identity documents which are necessary to comply with anti-money laundering requirements.
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Over the duration of a case there will be updates every quarter. At maturity of the investment, if a case is resolved successfully there will be a deposit of principal and interest to your AxiaFunder wallet. You can withdraw cash from your AxiaFunder wallet at any time. If the case is unsuccessful you will likely incur a significant loss of up to your entire investment. For full explanation of potential risks please refer to risk section.
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