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Litigation Capital Management Limited ( (GB:LIT) ) has shared an update.
Litigation Capital Management Limited announced the resignation of Gerhard Seebacher as a Non-Executive Director effective January 15, 2025, following his new appointment at Jain Global. The company is in the process of selecting a new board member, expected to be announced in early 2025, to support its expansion efforts. The departure of Seebacher, who contributed significantly to the company’s growth, does not affect its strategic direction as LCM is focused on furthering its market position.
More about Litigation Capital Management Limited
Litigation Capital Management Limited (LCM) is an international alternative asset manager specializing in disputes financing solutions. The company operates through two business models: direct investments from LCM’s permanent balance sheet and third-party fund management. LCM employs three investment strategies, namely single-case funding, portfolio funding, and acquisitions of claims. Revenue is generated from direct investments and performance fees through asset management. Headquartered in Sydney, LCM has offices in London, Singapore, Brisbane, and Melbourne, and is listed on AIM since December 2018 under the ticker LIT.
YTD Price Performance: 2.28%
Average Trading Volume: 199,691
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £114.3M
For an in-depth examination of LIT stock, go to TipRanks’ Stock Analysis page.
