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On May 13, 2025, Litigation Capital Management Ltd (LCM:LIT) acknowledged recent online speculation regarding a potential investigation by a Dubai legal authority following a press article published earlier that day. The article mentioned an original complaint made in 2022, but LCM states that it has not been contacted by any legal authority regarding the allegation.
| Date | 13 May 2025 |
| Time | 14:50:51 |
| Category | Miscellaneous |
| ID | 5046I |
13 May 2025
Litigation Capital Management Limited
("LCM" or the "Company")
Statement Regarding Media Speculation
Litigation Capital Management Limited (AIM:LIT), an alternative asset manager specialising in dispute financing solutions internationally, notes the recent online speculation regarding a potential investigation against the Company by a Dubai legal authority following the publication of a press article earlier today.
The article states that the original complaint was made in 2022. The Company confirms that it has not been contacted by any legal authority, either historically or recently, in relation to the allegation. Furthermore, the Company does not believe any such allegation, were it to be made, would have any merit whatsoever. The Company is investigating further and will update the market as appropriate.
Enquiries
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Litigation Capital Management |
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Patrick Moloney, Chief Executive Officer David Collins, Chief Financial Officer |
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Cavendish (Nomad and Joint Broker) |
Tel: 020 7523 8000 |
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Jonny Franklin-Adams and Rory Sale (Corporate Finance) Tim Redfern and Jamie Anderson (Corporate Broking) |
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Canaccord Genuity (Joint Broker) |
Tel: 020 7597 5970 |
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Bobbie Hilliam |
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NOTES TO EDITORS
Litigation Capital Management (LCM) is an alternative asset manager specialising in disputes financing solutions internationally, which operates two business models. The first is direct investments made from LCM's permanent balance sheet capital and the second is third party fund management. Under those two business models, LCM currently pursues three investment strategies: Single-case funding, Portfolio funding and Acquisitions of claims. LCM generates its revenue from both its direct investments and also performance fees through asset management.
LCM has an unparalleled track record driven by disciplined project selection and robust risk management.
Currently headquartered in Sydney, with offices in London, Singapore, Brisbane and Melbourne, LCM listed on AIM in December 2018, trading under the ticker LIT.