Litigation Funder Woodsford Wins $1.8 Million in Law Firm Fight

Woodsford Group Ltd., a UK litigation funder, won a $1.8 million arbitration from a law firm it financed in a suit against Alphabet Inc.‘s Google.

The law firm, San Francisco-based Hosie Rice, failed to establish a basis for vacating the $1.8 million award, US District Court for the District of Delaware Chief Judge Colm Connolly wrote this week, affirming the finding of a magistrate judge.

“We are pleased but not in the least surprised” with the decision, said Steven Friel, Woodsford’s chief executive officer, in a statement. “We will continue with enforcement efforts until we have recovered the full ...