LONDON (Alliance News) - Juridica Investments Limited, which provides funding for corporate legal claims, Monday said its antitrust portfolio consists of three price-fixing cartel and two monopoly cases, with the majority set for trial in 2014.
In a portfolio update, the company said one of its three cartel cases is near completion of pre-trial proceedings and expects a trial date to be set in 2014.
The firm said the trial court had dismissed one of its monopoly cases in which USD15 million was invested. This has been appealed and the case will be pursued.
Juridica expects that its antitrust portfolio will produce significant returns to shareholders over the next 18 months.
The stock was trading at 149.74 pence Tuesday, up 0.24 pence or 0.2%.
By Anthony Tshibangu; anthonytshibangu@alliancenews.com; @AnthonyAllNews
Copyright 2013 Alliance News Limited. All Rights Reserved.
