The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJuridica Investments Regulatory News (JIL)

  • There is currently no data for JIL

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Portfolio Update

28 Jun 2010 07:00

RNS Number : 3043O
Juridica Investments Limited
28 June 2010
 



Juridica Investments Limited

 

("Juridica" or the "Company")

 

 

Portfolio update

 

 

Juridica, a leading provider of capital to the law market, provides the following portfolio update.

 

The Company is pleased to report a new investment in a patent portfolio from a Fortune 500 company and a supplemental investment in an existing case that insures a minimum return on the investment.

 

On 4 June 2010, Juridica made a $1.5 million investment in a new patent matter designated Case 0210-M. This is the Company's second acquisition of a patent portfolio asset directly from a Fortune 500 company. The patent portfolio covers digital advertising technology where the claimholder expects a complaint to be filed against seven or more defendants during the third quarter of 2010. This new investment has broadened Juridica's relationships which now include an additional Am Law 100 firm and one of the top intellectual property trial lawyers in the US.

 

On 22 April 2010, Juridica made a $400,000 supplemental investment in Case 6509-A by purchasing an insurance contract that provides certainty to Juridica's minimum returns from this case. The underlying case involves a significant judgement for breach of contract, fraud and related claims. The judgement was rendered in a US Federal court and is currently under appeal. Obtaining this insurance contract reflects the Company's strategy to manage investment risk and its desire to lock-in returns when appropriate. The terms of the insurance contract provide that the insurer will pay the Company either:

a) $4.0 million if the case fails on appeal or at any future trial if the case is remanded for a new trial;

b) the difference between $4.0 million and any settlement less than $4.0 million; or

c) $4.0 million if the case is not completed within five years from the policy's date of inception.

 

Juridica's initial investment in Case 6509-A was $2.0 million. Once this case is resolved, the Company is entitled to a return of its $2.0 investment plus a premium calculated with regard to the time elapsed from the date of investment to the date of final resolution which, depending on timing, ranges from $2.0 million to $5.5 million.

 

Richard W. Fields, Chairman and Chief Executive of Juridica Capital Management, the Investment Manager, said: "We are delighted that an A.M. Best Company 'A' rated insurer has recognised the investment quality of our portfolio. This insurance policy is an industry first and eliminates Juridica's risk profile for this particular investment."

 

 

- Ends -

 

 

For more information contact:

 

Juridica Capital Management

Richard W. Fields

 

+1 866 443 1080

 

 

Cenkos Securities plc (Nominated Adviser and Broker)

Nicholas Wells

Camilla Hume

 

+44 20 7397 8900

 

 

 

Pelham Bell Pottinger

David Rydell

Olly Scott

 

+44 20 7861 3232

 

 

 

 

 

About Juridica

 

Juridica is a leading provider of capital to the business community and the legal market. It invests directly and indirectly in a diversified portfolio of commercial claims and disputes. The Company's objective is to be the premier source of value-added and direct financing or large business claims, especially in the United States and the United Kingdom.

 

Our clients are Fortune 1000 companies, FT Global 500 companies, small businesses, inventors, major universities and the leading law firms that represent them. Juridica accepts only cases that have already been carefully vetted and accepted by qualified lawyers, does not invest in speculative cases and accepts only a small fraction of the cases reviewed.

 

The Company focuses exclusively on business-to-business related claim investments. It does not invest in shareholder class actions, personal injury, product liability, or mass tort claims.

 

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, select and manage direct and indirect investments in cases, claims and disputes.

 

For more information visit Juridica at http://www.juridicainvestments.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
PFUKKADKCBKKQAB
Date   Source Headline
20th Dec 201812:04 pmRNSResult of General Meeting and Cancellation
20th Dec 20187:30 amRNSSuspension - Juridica Investments Limited
20th Dec 20187:00 amRNSSuspension of Shares
17th Dec 20185:30 pmRNSJuridica Investments
14th Dec 201811:05 amRNSSecond Price Monitoring Extn
14th Dec 201811:00 amRNSPrice Monitoring Extension
12th Dec 20184:35 pmRNSPrice Monitoring Extension
11th Dec 20182:05 pmRNSSecond Price Monitoring Extn
11th Dec 20182:00 pmRNSPrice Monitoring Extension
28th Nov 20182:41 pmRNSPosting of Circular
28th Nov 201810:23 amRNSDividend Declaration
22nd Nov 20182:06 pmRNSSecond Price Monitoring Extn
22nd Nov 20182:00 pmRNSPrice Monitoring Extension
22nd Nov 20187:00 amRNSWinding up, Delisting & Notice of General Meeting
7th Sep 20184:40 pmRNSSecond Price Monitoring Extn
7th Sep 20184:35 pmRNSPrice Monitoring Extension
6th Sep 20186:00 pmRNSResults for the six months ended 30 June 2018
28th Jun 201810:03 amRNSAnnual Financial Report
13th Jun 201810:00 amRNSResult of AGM
4th Apr 201811:30 amRNSFinal Results
10th Jan 20185:00 pmRNSCompany Update
22nd Aug 20177:00 amRNSResults for the six months ended 30 June 2017
20th Jun 201712:18 pmRNSAnnual Financial Report
4th May 20175:31 pmRNSResult of Annual General Meeting
3rd Apr 20177:00 amRNSFinal Results
18th Jan 20177:00 amRNSInvestment Manager ownership change
16th Dec 20163:44 pmRNSTotal Voting Rights
22nd Sep 201610:00 amRNSHolding(s) in Company
21st Sep 20163:55 pmRNSHolding(s) in Company
13th Sep 20163:11 pmRNSHolding(s) in Company
7th Sep 20163:54 pmRNSDividend Payment Date
6th Sep 20164:15 pmRNSHalf-year Report
1st Aug 20165:17 pmRNSHolding(s) in Company
28th Jul 20165:33 pmRNSHolding(s) in Company
19th Jul 20163:08 pmRNSHolding(s) in Company
19th Jul 201612:43 pmRNSHolding(s) in Company
6th Jul 20169:06 amRNSHolding(s) in Company
19th May 20167:00 amRNSDividend Declaration
10th May 20166:07 pmRNSResult of AGM
11th Apr 20161:15 pmRNSNotice of AGM
11th Apr 201610:30 amRNSPortfolio update
31st Mar 20169:42 amRNSFinal Results
8th Feb 20167:00 amRNSStatement re: Company costs
4th Dec 20153:48 pmRNSHolding(s) in Company
19th Nov 20159:55 amRNSReplacement: Holdings in Company
19th Nov 20157:00 amRNSHolding(s) in Company
18th Nov 20157:00 amRNSCorporate update
17th Nov 20153:28 pmRNSHolding(s) in Company
16th Nov 20157:00 amRNSPortfolio Update
2nd Oct 201512:52 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.