UK · CATBreaches and incidents
Litigation Capital Management disputes termination of its funding deal for a CAT collective action
Litigation Capital Management, the AIM-listed dispute funder, said on October 23, 2026 that a funded party has served notice terminating a litigation funding agreement for a collective action before the UK Competition Appeal Tribunal, alleging LCM breached the agreement. LCM disputes the termination, has hired lawyers and is weighing options with its capital providers. The funder has A$2.7 million of its own capital in the case, and its shares fell more than 40%.
Report (RNS via ADVFN) → · Proactive Investors
Key points
- A funded party served a termination notice alleging LCM breached a litigation funding agreement for a Competition Appeal Tribunal collective action.RNS via ADVFNProactive Investors
- LCM disputes the validity of the termination and has retained legal representation.RNS via ADVFNProactive Investors
- The company is considering several options and discussing them with its capital providers.RNS via ADVFN
- The investment is co-funded by Fund 2, one of the funds LCM manages.RNS via ADVFNProactive Investors
- LCM has A$2.7 million of its own capital in the case, valued at A$2.4 million as of June 30, 2026.RNS via ADVFNProactive Investors
- LCM shares fell more than 40% after the announcement.Proactive Investors