CAT Approves £25m Settlement in Trains Class Action Against Stagecoach

May 13th, 2024|

Settlement Approved in Woodsford Backed Class Action Against Stagecoach South Western On Friday 10 May 2024, London’s specialist competition court, the Competition Appeal Tribunal (“CAT”), handed down a judgment approving a £25m settlement between the class representative, Justin Gutmann, and the settling Defendant, Stagecoach South Western Trains Limited (“Stagecoach”). It is estimated that in excess of 1.4m rail passengers (“class [...]

Woodsford Team in Lawdragon’s 100 Global Leaders in Litigation Finance

April 3rd, 2024|

Woodsford Chairman & Directors ranked in the 2024 Lawdragon 100 Global Leaders in Litigation Finance We're pleased to announce that our Chairman, Olivier Bonavero, our CEO, Steven Friel, our Chief Investment Officer, Charlie Morrris and our Chief Operating Officer & GC, Jonathan Barnes, have once again been recognised as leaders in the field of litigation finance. This is Lawdragon's fifth [...]

Come join the team! – Woodsford is recruiting a Data Analyst in London

March 15th, 2024|

Woodsford is recruiting a Data Analyst for its London team. This full-time role will help enhance Woodsford's analytical capabilities and cement its position as a leading collective redress and litigation funding business. Based in our London office, the role would be ideal for a graduate with 3+ years' experience in data analysis, manipulation and quantitative models. You will have the [...]

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 [...]

Come join the team! – Woodsford is recruiting a Marketing Assistant in London

February 14th, 2024|

Woodsford is recruiting a Marketing Assistant for its London team This full-time role will help drive Woodsford's established and growing reputation as a leading collective redress and litigation funding business. Based in our London head office, the role would be ideal for a graduate with 2+ years’ experience in B2B marketing. Our client base includes some of the world's largest [...]

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. [...]

Reversion in the CAT: A settlement carrot?

December 20th, 2023|

Is reversion of undistributed damages an incentive to settle or a windfall for settling Defendants??? In an article first published in the ThoughtLeaders4 Competition Magazine on 8 December 2023, Woodsford's Hugh Tait and Jordan Howells, explore the concept of how reversion of undistributed damages might be applied in the Competition Appeal Tribunal (CAT). Should undistributed damages arising from settlements in [...]

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 [...]

Woodsford funded £5bn class action against Sony PlayStation gets go ahead in UK Competition Appeal Tribunal

November 21st, 2023|

Woodsford funded £5bn competition claim gets green light to proceed to trial Woodsford is proud to be supporting Alex Neill's claim on behalf of 8.9 million PlayStation customers, which has today been certified by the UK Competition Appeal Tribunal. Alex Neill, CEO & Co-Founder of Consumer Voice, has been granted approval to go to trial with a £5bn claim against [...]

Woodsford submits written response to FCA “protected forward-looking statements” engagement paper

September 28th, 2023|

Woodsford responds to proposed lowering of standard by which the accuracy of forward-looking statements is measured Woodsford Engage has submitted a written response to the Financial Conduct Authority's (FCA) engagement paper on introducing a new category of “protected forward-looking statements” in the prospectus regime. This would effectively make it more difficult for shareholders to hold companies to account when certain [...]

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 [...]

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 [...]

Litigation funding success for Woodsford in significant Scottish case relating to the Hammersmith Ark

May 9th, 2023|

On 5 May 2023, Lord Ericht of the Scottish Outer House, Court of Session, handed down his judgment in a significant, multi-million pound claim against TLT Solicitors. Lord Ericht ruled in favour of the claimant Centenary 6 Limited (C6), funded by Woodsford. Woodsford’s cases are often successfully resolved in confidential settlements, which means that details of our many successes, and [...]

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