Business
Case Investment Settlement Update
Case Investment Settlement Update.
About this update from Litigation Capital Management Ltd
[{"type":"text","content":"\n \nRNS Number : 6210X Litigation Capital Management Ltd 20 December 2019 \n\n20 December 2019\nLitigation Capital Management Limited\n(\"LCM\" or the \"Company\")\n \nCase Investment Settlement Update\n \nLitigation Capital Management Limited (AIM:LIT), a leading international provider of litigation financing solutions, announces the resolution of two single-case investments: \n \nThe first is the resolution of a claim which was pursued in the Supreme Court of Queensland in Australia. The claim has been resolved through negotiation. The resolution will generate revenue to LCM this financial period of approximately A$6.45m, and contribution to gross profit of approximately A$2m.\n \nThe second is the resolution of a claim which was pursued in the Supreme Court of New South Wales in Australia. That claim also resolved through negotiation. The resolution of that investment will generate revenue of approximately A$4m, and contribution to gross profit of not less than A$2.5m. \n \nThe funds from the above resolutions will be received during the current financial year. \n \nPatrick Moloney, CEO of LCM said: \"We are pleased to update the market with the resolution of these two single-case investments. Single-case investments have been a fundamental part of our stringent business model since LCM's inception and the settlement of these respective disputes reinforces the ongoing opportunity and demand for investment in such cases. \n \n\"Our robust investment strategy remains a core part of our model and demonstrates the large and diverse investment opportunities within the Company.\"\n \nCONTACTS\n \n\n\n\n\nLitigation Capital Management\n\n\nc/o Alma PR \n\n\n\n\nPatrick Moloney, Chief Executive Officer\n\n\n \n\n\n\n\n \n\n\n\n\nCanaccord (Nomad and Joint Broker) \n\n\nTel: 020 7523 8000\n\n\n\n\nBobbie Hilliam\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nInvestec Bank plc (Joint Broker)\n\n\nTel: 020 7597 5970\n\n\n\n\nDavid Anderson\n\n\n \n\n\n\n\n \n\n\n\n\nAlma PR\n\n\nTel: 020 3405 0205\n\n\n\n\nRebecca Sanders-Hewett\n\n\[email protected]\n\n\n\n\nJustine James\n\n\n \n\n\n\n\nSusie Hudson\n\n\n \n\n\n\n\nJessica Joynson\n\n\n \n\n\n\n\n \nNOTES TO EDITORS\n \nAbout LCM:\n \nLitigation Capital Manageme...