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par Legal Finance SE

Legal Finance SE: Distressed Finance - Lawsuit filed

Issuer: Legal Finance SE / Key word(s): Sales Result/Market Launch
Legal Finance SE: Distressed Finance - Lawsuit filed

19.10.2023 / 11:48 CET/CEST
The issuer is solely responsible for the content of this announcement.


Frankfurt based litigation financier Legal Finance SE announces the commencement of proceedings in its first 'Distressed Finance' case. For the first time, Legal Finance is financing a lawsuit for the re-transfer of shares in a company and, if successful, will take a stake in the company.

Typically, litigation financiers fund payment claims and participate in the success of the litigation: If the case is won, the litigation funder receives a share. However, this model is impractical when the creditor does not receive money but, for example, real estate or shares of a company. Under the new 'Distressed Finance' model, Legal Finance also finances such cases in return for a share of the assets.

The current case is international and complex: It involves the retransfer of shares in a company from a private individual. The company in question is a valuable and had been 'stolen' from the plaintiff, including by fraud, resulting in a six-figure loss (in euros).

Out-of-court letters and settlement efforts have so far been unsuccessful.

Legal proceedings have now been initiated. The case is considered to have a good chance of success. In particular, Legal Finance sees the possibility of a speedy conclusion to the proceedings through a court settlement.

Legal Finance is financing the case through its subsidiary Legal Finance International GmbH and will participate in the event of success.


Legal Finance SE
Thurn-und Taxis-Platz 6
60313 Frankfurt am Main
Germany
Web: www.LegalFinance.online
Mail: info@legalfinance.online
Phone: +49 69 8700184-10
Fax: +49 69 8700184-19
Company register: AG Frankfurt HRB 127394
LEI: 391200W89Q4BYWJ9VZ03

Legal Finance is a litigation financing company based in Frankfurt am Main, Germany, which invests in international legal claims and litigation. Legal Finance finances standard litigation, e.g. in Germany, as well as large international litigation, mass torts, speculative claims, insolvency claims, special proceedings, e.g. state liability, UDRP, URS, ADR and similar, enforcement and debt collection. Legal Finance finances, among others, through Legal Finance International GmbH (Düsseldorf) and Legal Finance Processing Ltd. (London).
 


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