Member Info for wobble24

Looks like it will be a ~$33M profit on the PFAS case on a consolidated basis

www.comcourts.gov.au/file/Federal/P/NSD431/2020/3887497/event/31432939/document/2114380

Https://www.linkedin.com/feed/update/urn:li:activity:7071310511237197824?utm_source=share&utm_medium=member_desktop

Well we have been told that by mutual agreement LCM have until the end of May to complete their due diligence on the merits of the legal claim. That is tomorrow!

fingers crossed all boxes are ticked, but a huge vote of confidence in the merits of the claim for international arbitration should it come through.

Bummer on this one but going to happen from time to time:

https://www.firstpost.com/world/lawsuit-against-google-over-medical-information-dismissed-by-british-court-12620382.html

this was third party funded and roughly one year into the matter, so with any luck not as much damage had it gone all the way to trial...

Thanks professor, I too shall raise with Mark directly at some stage.

Might help if i elaborate on why Bombay stock exchange listing might make sense (at some stage). Obviously, Indian's understand India and its issues.

I also have a punting position in GreenX Metals. They have a legal dispute with the Polish Government, they have employed the same litigation funder that PAT have. GRX is listed on ASX, LSE & the WSE. The driver of price has come from the Polish punters, not the ASX / LSE mining crowd.

Just so you know Professor, Indian courts go on summer recess over June, so if it was not to be this month, it reverts to July. Your other comments spot on...

Question, would there be any merit in the board trying to get a dual listing on the Mumbai Stock Exchange?

17/05/2023At the request of learned counsel for both the parties, list the matter in the month of July, 2023.Interim order, if any, to continue till next date

I too would have hoped for more.

even on this result, its still at least a $25M profit to the group, take out 3rd party fund and at least $12M remaining.

serious question, why is there not a news release on the matter? Is this not material?

Booya!

https://amp.abc.net.au/article/102346274

I believe their is a hearing scheduled for the 17th, but dates can shift. Courts go on summer recess over June so if not closed prior to then it reverts to July.

no I'm not a subscriber, but i was able to get a copy of the article from someone who is.

looks like the main PFAS trial date has been pushed back 2 weeks. 15 May we know kick off, unless there is a last minute settlement.
https://www.comcourts.gov.au/file/Federal/P/NSD431/2020/actions

Looks like we are potentially seeding an investment in Panthera Resources
https://www.londonstockexchange.com/news-article/PAT/operations-update/15938251

would like to get access to this article. I believe this matter is close to a final resolution:
https://www.lawyerly.com.au/aig-cant-withdraw-admission-in-linchpin-class-action/

a couple things:
https://www.lawyerly.com.au/pfas-class-action-judge-frustrated-about-lack-of-settlement/
basically the judge taking issue with the government for dragging their feet and not settling prior to this going to court. Looks like it heads to trial Monday. Might even be live streamed.

not that it was probably a bit matter on our books, but progress on another funded case (this would be 100% balance sheet)

https://www.news.com.au/entertainment/music/katy-perry-loses-federal-court-battle-with-aussie-fashion-designer/news-story/27ded4be93eb020595d73712c325efad

just a friendly reminder on a potential catalyst. PFAS case against the Australian Department of Defense due to go to trial 1st of May 2023. There is precedent for the government to settle PRIOR to court hearing as they did in their previous PFAS class action. They do that because they don't want their dirty laundry in the public domain. This is a big claim where we are remunerated based on a percentage of proceeds (ie one that can really move the needle)

follow events here:
https://www.comcourts.gov.au/file/Federal/P/NSD431/2020/actions

hmm. I have been a long term shareholder in Litigation Capital Management. i am intrigued by there interest in funding this matter. Provided it clears the upcoming DD hurdle, i really like the value proposition here. For them to spend US$10.5M on litigation, needing a return on that capital of call it 4 times, the size of the claim probably has to be many multiples of this again. Going to keep my eye on this one...

any truth to this?

https://hotcopper.com.au/threads/articles-in-newspapers-about-grx.7232498/#.Y-9KC3ZBxaQ

https://www.cbsnews.com/news/litigation-funding-60-minutes-2022-12-18/

worth a read..

Gallmat comments are spot on when it comes to delivery. I think we are lacking some level of shareholder communication here on a broader level. We want regular communication to investors. It was not since November 2021 if i recall correctly that we actually heard about a material resolution. That's a long time between drinks. I'm sure there is lots happening, so tell us about it!

regarding the £740M claim against Poland, there has NOT been a judgment, that article is misleading. If in doubt, go to the source by looking at the GRX news feed. Don't expect a ruling until the second half of next year (I have spoken to GRX on this myself). Disclosure, as well as been a shareholder in LIT I am a shareholder in GRX (only because i have confidence in LIT)...

new in the sense the court has just approved it. Old in the sense settlement terms between the counterparties was agreed some time ago.

until the court validates it, you can't bank it...

so the Suncorp Class action has just been approved by the courts for settlement. Do LIT bother releasing news to this effect or is this one non-material?

https://www.supremecourt.justice.nsw.gov.au/Documents/Class%20Actions/Suncorp%20Super%20-%20Quirk/55_Judgment.pdf

check this one out. One of the cases we are funding:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02582533-6A1115501?access_token=83ff96335c2d45a094df02a206a39ff4