
Industry welcomes crucial Apple funding ruling
Dippy Singh
,
The London Court of Appeal has ruled that litigation funders can be paid their fee before class action members get their cut of the damages.
Industry players have lauded a pivotal judgment made last week (16 April) by the Court of Appeal of England and Wales which ruled that the UK Competition Appeal Tribunal (CAT) has the power to order that a funder is paid its fee from damages before the money is distributed to class members.
The ruling, handed down by Chancellor of the High Court Sir J
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Dippy Singh
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4 New Square Chambers Apple Balance Legal Capital CAT Charles Lyndon class actions Competition Appeal Tribunal Court of Appeal Covington & Burling damages Exton Advisors Factor Risk Management Funding Justin Gutmann Litigation funders Litigation Funding Agreement Matrix Chambers One Essex Court Opt-out PACCAR Third-party funding
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