News2023-01-17T16:27:34+00:00

Woodsford funds Australian class action on behalf of Rest Super fund members

February 23rd, 2024|

Woodsford funds class action filed by Shine Lawyers on behalf of members of the Rest Superannuation fund. This is another example of Woodsford working with leading class action lawyers, in this instance Shine Lawyers, to provide collective redress for consumers affected by alleged corporate misconduct. The Rest Superannuation fund is amongst one of the largest Australian super funds by membership with [...]

Global investors warn against erosion of shareholder rights

February 13th, 2024|

Woodsford co-signs International Corporate Governance Network (ICGN) letter to UK Chancellor, Jeremy Hunt, the FCA, the FRC and the LSE cautioning against proposals to roll back UK corporate governance standards and shareholder protection.  Woodsford is at the forefront of assisting institutional investors in collective and escalated engagements with investee companies when breakdowns in ESG and related misrepresentations to the market [...]

Australian class action filed in relation to CFDs

February 8th, 2024|

Woodsford supports further major Australian class action filed against International Capital Markets Pty Limited (“IC Markets”) A class action was filed on Tuesday, 6 February 2024, in the Federal Court of Australia relating to the offering of over-the-counter derivative products known as contracts for difference (“CFDs”) by IC Markets to retail investors from 6 February 2018 to 6 February 2024. [...]

Woodsford: The evolution beyond litigation funding

December 19th, 2023|

Woodsford’s evolution from traditional litigation funder to collective redress business In a recent article for GBRW Expert Witness, Woodsford’s Steven Friel and Muhammad Arayne have described how we have moved beyond simply being a provider of passive capital for single-case litigation and are now, alongside Woodsford Engage, pioneers in using collective redress mechanisms to deliver access to justice. Whether in the fields of competition law [...]

Class action filed against IG Markets in relation to offering of risky financial products

August 15th, 2023|

Woodsford supports further major Australian class action filed against IG Markets Limited and IG Australia Pty Ltd (“IG”) A class action was filed on Monday (14 August 2023) in the Federal Court of Australia relating to IG’s offering of over-the-counter derivative products known as contracts for difference (“CFDs”) or binary options (“Binaries”) to retail investors from 4 May 2017 to [...]

Litigation funding can bridge the widening gap between decreasing legal budgets and ever-increasing law firm fees.

July 10th, 2023|

Over the last few years, law firms have been attempting to create additional revenue by raising their rates.[1]  At the same, many legal departments are facing decreases in their litigation budgets, with legal departments seeing up to 20% reduction in their budget.[2]  Additionally, the time to trial continues to lengthen as more cases are filed at a time of ever-growing [...]

Woodsford’s global excellence once again recognised by Chambers & Partners

June 29th, 2023|

We are proud that Woodsford’s international business has again been ranked highly in this year’s Chambers Litigation Funding guide. We are one of only a handful of funders ranked in the UK, US, Australia, Canada and Europe. Our CEO, Steven Friel and both of our Chief Investment Officers, Robin Davis and Charlie Morris were noted and ranked as individuals and [...]

RoRo Car Shippers Fail in their Attempt to Launch UK Supreme Court Appeal of Cartel Class Action Certification

June 2nd, 2023|

LONDON, 2nd  JUNE 2023. In a huge boost to the hopes of millions of UK consumers who stand to gain from a Woodsford-funded collective action against five large shipping companies who engaged in an anticompetitive cartel, the UK Supreme Court announced yesterday that it had refused to allow a further appeal against certification of the collective action to proceed. In [...]

Five members of the Woodsford team included in the latest Lawdragon Global 100 Leaders in Litigation Finance.

April 3rd, 2023|

We are delighted that five members of the Woodsford have been recognised and included in the latest Lawdragon Global 100 Leaders in Litigation Finance. Our CEO, Steven Friel, both of our Chief Investment Officers, Robin Davis (US) and Charlie Morris (EMEA & APAC), our Chief Operating Officer & GC, Jonathan Barnes, and our Executive Vice President & GC (US), Alex [...]

Shareholder Litigation: The Tool of Last Resort (Interview with ESG Investor)

March 30th, 2023|

Shareholder Litigation Our CEO, Steven Friel, was interviewed recently by Aaran Fronda of ESG Investor. Steven explained why investors must actively engage with investee firms to make the downside of bad activity outweigh the upside for potential corporate wrongdoers. “There is a growing realisation that investors need to use all the engagement tools available to them,” Steven told ESG Investor. [...]

Woodsford supports further major Australian class actions against car manufacturers with claims filed against Hyundai and Kia

February 17th, 2023|

Hyundai and Kia engine defect class actions launched in Australia Class actions were filed on Wednesday (15th February) in the Federal Court of Australia relating to defective engines in various Hyundai and Kia vehicles sold in Australia from 2011 to date. The actions allege that the numerous vehicles sold by Hyundai and Kia in Australia were offered for sale with [...]

Woodsford announces further major expansion, with five new hires in Australia and the UK

December 6th, 2022|

Woodsford announces further major expansion We are excited to announce a  further major expansion of our global team with the appointment of Jordan Howells as Senior Investment Officer together with three other appointments to our executive team and the addition of former Australian Federal Court Judge, Hon. Neil McKerracher KC, to our Investment Advisory Panel (IAP). The appointments of Howells, [...]

Woodsford supports Toyota Diesel Defeat Device class action in Australia

October 18th, 2022|

Woodsford supports Toyota Diesel Defeat Device class action in Australia. Woodsford supports another major Australian class action with a claim filed yesterday (17th October) in the Supreme Court of Victoria on behalf of up to half a million owners of diesel-powered Toyota vehicles. The class action filed yesterday by Victoria-based Maddens Lawyers alleges that Toyota Motor Corporation Australia Limited manufactured [...]

Woodsford’s Public Submission to the Treasury in respect draft Corporations Amendment (Litigation Funding) Regulations 2022

October 4th, 2022|

Yesterday, 3rd October 2022 ,Woodsford submitted our considered response to the Australian Treasury, in respect of the draft Corporations Amendment (Litigation Funding) Regulations 2022. "Woodsford is in favour of the proposal that an explicit exemption be provided for litigation funding schemes from the definition of a managed investment scheme in section 9 of the Corporations Act 2001. The decision in [...]

Woodsford supports $Multibillion claim filed against Sony Group

August 20th, 2022|

Woodsford supports $Multibillion claim filed against Sony Group. Woodsford is proud to support another major UK class action, with a $Multibillion claim filed against UK subsidiaries of Sony Group in the Competition Appeal Tribunal (CAT) on 19 August. The claim is being brought on behalf of UK-based PlayStation users who have purchased digital games and/or add-on content from the PlayStation [...]

The Case For Company-Directed Offensive ESG Litigation

July 12th, 2022|

The Case For Company-Directed Offensive ESG Litigation In a provocative article published in Law360, Woodsford’s Bob Koneck argues that there is an opportunity for the legal industry to benefit from an ESG paradigm shift — rather than treat ESG litigation as a mere source of liability, companies and their lawyers should evaluate and pursue offensive ESG litigation as a linchpin of their [...]

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