Litigation Funders Are Betting on a Rise in UK Class Actions (1)

Financiers are helping to fuel a rise in US-style class-action lawsuits in the UK courts, lured by the promise of big payouts.

The British litigation finance industry -- which pays legal fees upfront and shares in any eventual payout -- has almost doubled the size of its UK assets over the past three years, with as much as £2.2 billion ($2.7 billion) filling up balance sheets, according to data from law firm RPC. That war chest is being used to fund a growing number of lawsuits that are going after the likes of Apple Inc., Meta Platforms Inc. and ...