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Portfolio update

5 Jul 2011 07:00

RNS Number : 7537J
Juridica Investments Limited
05 July 2011
 



Juridica Investments Limited

 

('Juridica' or the 'Company')

 

 

Portfolio update

 

 

Juridica, a leading provider of strategic capital to both businesses and the legal markets for corporate claims, provides the following portfolio update.

 

The Company is pleased to report that two if its investments, Case 5608-N and Case 0808-C, have made substantial progress through their judicial processes.

 

As announced in the 2010 Annual Report and Accounts, Case 5608-N, which is one of the Company's significant investments (and one of the invested matters under the loan facility to Fields Sullivan PLLC) went to appeal and recently had its plaintiff's substantive claims reinstated. The trial is now scheduled for later this year. This case has estimated potential damages in excess of US$1 billion. The Company, through its loan facility to Fields Sullivan PLLC, has a right to a significant investment return.

 

Case 0808-C is an investment the Company has in a patent infringement case. This investment consists of two separate cases both of which are multi-defendant. One of the cases recently won its Markman hearing (a pre-trial hearing whereby the construction of the patents are defined and determined) and is scheduled to begin trial in July 2011. Potential damages in the case are estimated to be in excess of US$200 million for which the Company is entitled to a 7% share. The second case remains in pre-trial status.

 

The above disclosure is being made to ensure shareholders are aware that material events are possible in the near-term. No assurance can be given that the above noted investments will actually come to full completion in the near-term or that the investments will generate profits when completed.

 

Richard W. Fields, Chairman and Chief Executive of Juridica Capital Management, the Investment Manager, said: "Today's statement provides further evidence that Juridica's portfolio is entering an exciting phase of development and maturity, in line with recent Company announcements. This supports our optimism that certain investments will come to conclusion and have the potential to generate significant returns."

 

 

- Ends -

 

 

For more information please contact:

 

Juridica Capital Management Limited

Richard Fields, Chief Executive

 

 

+1 866 443 1080

Cenkos Securities plc

(Nominated Adviser and Broker)

Nicholas Wells

Camilla Hume

 

+44 (0)20 7397 8900

 

Pelham Bell Pottinger

David Rydell

Olly Scott

 

+44 (0)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
 
 
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