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28 February 2025
Litigation Capital Management Limited
("LCM" or the "Company")
Appeal Filed in Class Action Investment
Litigation Capital Management Limited (AIM:LIT), an alternative asset manager specialising in dispute financing solutions internationally, announces that an appeal has been filed in relation to the class action funded by LCM on behalf of Queensland users of electricity against the Stanwell Corporation LTD and CS Energy LTD. On 4 December 2024, we announced that the first instance judgment ruled against LCM's funded party. We look forward to engaging further with investors after our interim results have been published on 18 March 2025.
Enquiries
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Litigation Capital Management |
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Patrick Moloney, Chief Executive Officer David Collins, Chief Financial Officer |
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Cavendish (Nomad and Joint Broker) |
Tel: 020 7523 8000 |
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Jonny Franklin-Adams, Isaac Hooper and Rory Sale (Corporate Finance) Tim Redfern and Jamie Anderson (Corporate Broking) |
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Canaccord Genuity (Joint Broker) |
Tel: 020 7597 5970 |
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Bobbie Hilliam |
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NOTES TO EDITORS
Litigation Capital Management (LCM) is an alternative asset manager specialising in disputes financing solutions internationally, which operates two business models. The first is direct investments made from LCM's permanent balance sheet capital and the second is third party fund management. Under those two business models, LCM currently pursues three investment strategies: Single-case funding, Portfolio funding and Acquisitions of claims. LCM generates its revenue from both its direct investments and also performance fees through asset management.
LCM has an unparalleled track record driven by disciplined project selection and robust risk management.
Currently headquartered in Sydney, with offices in London, Singapore, Brisbane and Melbourne, LCM listed on AIM in December 2018, trading under the ticker LIT.
