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Day: March 15, 2018

Litigation Funder’s Stock Price Skyrockets

Burford Capital, a third party litigation funding firm, announced that its stock just gained 29.4 percent in value. The firm, which makes its money investing in lawsuits, took in £244.3 million ($341.2 million) in revenue last year, according to Shares Magazine, which is about 20 percent more than what was forecast. Burford’s investments reportedly returned 75 percent on invested capital (Shares Magazine says just a 15 percent rate is the sign of a “good quality business”) and 31 percent internally.

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