Bill Wilson joins litigation funding firm

Last updated 12:05 21/12/2012

Relevant offers

Industries

OceanaGold boosts production forecasts for 2015 Rural Equities says lower milk price impacts earnings Former All Blacks captain David Kirk backs Straker Translations Enviroreel left out of Waste Minimisation Fund NZ dollar tumbles below US64c on back of low business confidence John Key claims mood 'reasonably positive' as optimism hits six year low Vector Arena concerts to increase in size and frequency Air NZ joins $9 price war, Jetstar announces new NZ routes SkyCity Auckland does away with 'zero hours' contracts Auckland's port shouldn't be a car yard - Ngati Whatua

Former Supreme Court judge Bill Wilson QC has joined litigation funding company LPF Group as a consultant.

Wilson, who resigned as a judge in October 2010 after a complaint alleging bias in an Appeal Court hearing, said he was pleased to join LPF.

"I believe litigation funders have a valuable role in enabling those with well-founded claims to pursue those claims, even if they would otherwise not have been financially able to do so."

LPF director Phil Newland said there was growing demand for litigation funding in lawsuits over insolvencies and building defects, as well as finance company collapses.

As a result it had agreed a joint funding deal with ASX-listed litigation financier IMF (Australia).

Since listing, IMF has completed 137 cases, winning payouts for clients of A$800 million and gross revenue for itself of A$400m.

"Bill Wilson's depth of skills and experience together with the agreement with IMF significantly strengthens our value proposition for plaintiffs," said Newland.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content