Leading provider of capital to law markets issues Public Policy Statement

Juridica Investments Limited, the leading provider of strategic capital for corporate claims, today published its Public Policy Statement concerning efforts being made to combat unnecessary litigation from class action and mass tort claims in the United States.

Speaking at the launch of the Company’s Public Policy Statement, Richard Fields, Chief Executive of Juridica Capital Management Limited, said:

“We have keenly observed this emerging debate about our industry. While many criticisms are valid some fail to distinguish between very different business models. We make the legal system work better for businesses by applying capital market disciplines to commercial claims. Juridica supports the efforts by its business clients to defend against spurious and vexatious class action claims.”

Juridica’s business focuses on corporate claim finance – those involving business-to-business commercial disputes that the parties are unable to resolve because of differing views on the merits or strengths of the claims and/or the amount of damages that should be awarded. Juridica’s model of corporate claim finance injects economic rationality and transparency into the dispute resolution process, meaning unmeritorious claims are rejected by Juridica out-of-hand.

Juridica believes its model of corporate claim finance will result in greater efficiency in the claim resolution process, with the likely result that claims will settle earlier in that process.

Mr. Fields continued:

“Like many of our customers and clients, we are concerned that class action financing could encourage unnecessary litigation. We believe that financiers involved in class action funding are often attempting to create a ‘perfect storm’ of class action or tort litigation to force settlement by defendants unwilling to risk a large judgment, even in a baseless case.”

Juridica does not invest in class actions. And, because its clients are corporations that create value for their shareholders and their employees, Juridica does not invest in personal injury, product liability, or mass tort lawsuits. Juridica’s business is about making commercial litigation more transparent and efficient so that the legal system works better for business.

View the full press release in PDF format