Litigation Capital Management Files Appeal in Class Action Case

Litigation Capital Management Limited ( (GB:LIT) ) just unveiled an update.

Litigation Capital Management Limited announced that an appeal has been filed in a class action case it funded against Stanwell Corporation LTD and CS Energy LTD on behalf of Queensland electricity users. The initial judgment was not in favor of LCM’s funded party, but the company is looking forward to further engagement with investors following the publication of its interim results in March 2025. This development could impact LCM’s operations and its position in the dispute financing industry, as the outcome of the appeal may influence stakeholder confidence and future investment strategies.

More about Litigation Capital Management Limited

Litigation Capital Management Limited (LCM) is an alternative asset manager specializing in dispute financing solutions on an international scale. The company operates through two business models: direct investments from its permanent balance sheet capital and third-party fund management. LCM’s investment strategies include single-case funding, portfolio funding, and acquisitions of claims, generating revenue from direct investments and performance fees. Headquartered in Sydney, LCM also has offices in London, Singapore, Brisbane, and Melbourne, and has been listed on AIM since December 2018.

YTD Price Performance: -34.96%

Average Trading Volume: 278,152

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £74.74M

For a thorough assessment of LIT stock, go to TipRanks’ Stock Analysis page.