REG - Litigation Cap. Mgmt - Appeal Filed in Class Action Investment

Litigation Capital ManagementAnnouncement

28/02/2025 07:00

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RNS Number : 7634Y  Litigation Capital Management Ltd  28 February 2025

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

 Litigation Capital Management
 Patrick Moloney, Chief Executive Officer

 David Collins, Chief Financial Officer

 Cavendish (Nomad and Joint Broker)                                    Tel: 020 7523 8000
 Jonny Franklin-Adams, Isaac Hooper and Rory Sale (Corporate Finance)

 Tim Redfern and Jamie Anderson (Corporate Broking)
 Canaccord Genuity (Joint Broker)                                      Tel: 020 7597 5970
 Bobbie Hilliam

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.

www.lcmfinance.com (http://www.lcmfinance.com)

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