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Litigation Capital Management Limited ( (GB:LIT) ) has issued an announcement.
Litigation Capital Management Limited announced that the Federal Court of Australia delivered a judgment in a class action investment they funded on behalf of Quintis Limited shareholders. The court found misleading and deceptive conduct by Quintis’s former director and its auditors, but LCM’s funded party did not establish that this conduct caused them loss, leaving the case unsuccessful. LCM invested A$13.2 million and is now considering the merits of an appeal, highlighting an unusual judgment outcome and reaffirming its commitment to disciplined risk management and capital allocation.
More about Litigation Capital Management Limited
Litigation Capital Management Limited (LCM) is an alternative asset manager specializing in dispute financing solutions internationally. The company operates through two business models: direct investments from its permanent balance sheet capital and third-party fund management. LCM pursues investment strategies including single-case funding, portfolio funding, and acquisitions of claims, generating revenue from direct investments and performance fees. Headquartered in Sydney with offices in London, Singapore, Brisbane, and Melbourne, LCM listed on AIM in December 2018.
YTD Price Performance: -21.43%
Average Trading Volume: 240,707
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £92.34M
For an in-depth examination of LIT stock, go to TipRanks’ Stock Analysis page.
