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Lawyers Seek Hedge Fund Help to Take Russia’s Billions

Aug. 18, 2022, 6:00 AM

Lawyers led by McCue Jury & Partners and Mishcon de Reya LLP are seeking investments from money managers to go after billions of dollars held by sanctioned Russian individuals and companies.

Hedge funds, family offices and litigation finance firms have been approached by lawyers seeking funding to file legal claims against sanctioned Russians, according to people familiar with the matter. The proceeds would largely be used to compensate Ukrainians for losses incurred in the wake of Russia’s invasion, with investors receiving a cut of any successful claims, said the people, who asked not to be named because the discussions are ...