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Portfolio Update

16 Nov 2015 07:00

RNS Number : 7576F
Juridica Investments Limited
16 November 2015
 

Juridica Investments Limited

 

('Juridica,' 'JIL,' or the 'Company')

 

 

Portfolio update

 

 

Juridica, the leading provider of strategic capital for corporate legal claims, provides the following portfolio update.

 

Case 5009-S, which involved a theft of trade secret dispute brought by a smaller plaintiff against a much larger company, has completed a trial by jury. In spite of a full win on liability the jury only awarded an amount which will result in a return to the Company of approximately US$2.0 million. This compares with an original investment of US$ 3.5 million and the case valuation of US$ 9.4 million in the net asset value at 30 June 2015.

 

The plaintiff and its advisers are considering whether there are grounds to appeal the low damages.

 

- Ends -

 

This document contains forward looking statements, which are based on Juridica Asset Management Limited's (JAML) 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 this announcement. Except as required by the AIM Rules, the London Stock Exchange 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 or JAML's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

 

 

For further information contact:

 

Juridica Asset Management Limited

Richard W. Fields

 

+1 (866) 443 1080

 

Cenkos Securities PLC - Nominated Adviser and Broker

Nicholas Wells

Ian Soanes

 

+44 (0) 20 7397 8900

Investec Bank PLC - Joint Broker

Darren Vickers

Jeremy Ellis

 

+44 (0) 20 7597 4000

Peel Hunt LLP - Joint Broker

Guy Wiehahn

 

+44 (0) 20 7418 8900

 

Bell Pottinger

Olly Scott

+44 (0) 20 3772 2500

 

About Juridica Investments Limited

 

Juridica Investments is a 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 one of the premier sources of value-added and direct financing for large business claims in the United States and one of the leading sources in the United Kingdom.

 

The Company's clients are Fortune 1000 companies, FT Global 500 companies, inventors, major universities, and the leading law firms that represent them. Juridica only accepts cases that have already been carefully vetted and undertaken by leading lawyers.

 

Juridica's capital enables the legal system to better address business claims. It does not invest in speculative claims or claims that do not demonstrate 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. Juridica's investment strategy provides business clients with financial choices that reduce risk and assist in maximizing claim value.

 

The Company's goal is to provide business clients with financial choices that reduce risk and assist in maximising 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. It was the pioneer in alternative litigation financing and the first closed-end fund of its kind ever listed on AIM, a market operated by the London Stock Exchange (AIM: JIL.L).

 

The Company has appointed Juridica Asset Management Limited as its exclusive investment manager to locate, evaluate and manage direct and indirect investments in cases, claims and disputes.

 

http://www.juridicainvestments.com 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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