25 Oct 2010 08:51
Juridica Investments Limited
('Juridica' or the 'Company')
Investment Manager Directorate Change
Juridica Investments Limited, the leading provider of strategic capital to both businesses and legal markets for corporate claims, announces a change to the composition of the Principals at its Investment Manager, Juridica Capital Management Limited, (JCML).
Timothy D. Scrantom, one of the co-founders of Juridica, has today resigned as President, General Counsel and director of Juridica's Investment Manager, JCML.
Mr. Scrantom is leaving to pursue other interests but will continue to provide consultancy services to JCML on a project by project basis. Mr. Scrantom, through his affiliates, will continue to be a shareholder in JCML.
Commenting on Mr. Scrantom's resignation, Richard Fields, Chairman and CEO of JCML, said: "Tim has made a great contribution to both the conception and development of JCML's business and we look forward to continuing to work with him as a strategic consultant."
In a separate development Paul C. Sullivan has today been promoted to Senior Vice President. Mr. Sullivan joined JCML shortly after its inception and has played an instrumental role in developing its underwriting processes and evaluation models.
Commenting on Mr. Sullivan's promotion Richard Fields said: "Paul has made a great contribution to our business and will continue to play an important role in the selection of assets for the Company's portfolio."
- Ends -
For further information, please contact
| Juridica Capital Management Limited Richard W. Fields
| +1 (866) 443 1080
|
| Cenkos Securities (NOMAD) Nicolas Wells Camilla Hume
| +44 (0) 20 7397 8900 |
| Pelham Bell Pottinger David Rydell Olly Scott | +44 (0) 20 7861 3232 |
About Juridica Investments Limited
Juridica Investments is the leading provider of strategic capital to the business community and the legal markets for corporate claims. It invests directly and indirectly in a diversified portfolio of corporate claims in litigation and arbitration. Juridica is the premier source of value-added and direct financing for large business claims in the United States and one of the leading sources in the United Kingdom.
Our clients are Fortune 1000 companies, FT Global 500 companies, inventors, major universities, and the leading law firms that represent them. Juridica accepts only cases that have already been carefully vetted and undertaken by leading lawyers.
Juridica works to make the legal system work better for business claims. Juridica does not invest in speculative claims or claims that do not have demonstrated economic value and clear merits. Juridica invests only in business claims, and does not invest in class actions, personal injury, product liability, or mass tort claims.
Our goal is to provide business clients with financial choices that reduce risk and assist in maximizing claim value.
Juridica was established on 21 December 2007 as a limited liability, closed-ended investment company registered in Guernsey. It has over US$200 million of assets under management and is listed on AIM, a market operated by the London Stock Exchange (AIM: JIL).
The Company has appointed Juridica Capital Management Limited as its exclusive investment manager to locate, evaluate and manage direct and indirect investments in cases, claims and disputes.
For more information go to http://www.juridicainvestments.com
This announcement contains forward looking statements, which are based on the Board's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results,performance or events to differ materially from those expressed or implied in such statements. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a number of variables which could cause actual results or trends to differ materially. Each forward looking statement speaks only as of the date of the particular statement. Except as required by the AIM Rules or otherwise by law, the Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.