Two litigation funders and a personal injury law firm are embroiled in a court fight over a series of loans and dueling demands for repayment.
Contingency Capital is suing ACAP Litigation Fund, seeking the return of more than $8.8 million that Contingency says it loaned to the Houston-based Dunken Law Firm. Contingency says ACAP and Dunken defrauded the company into lending money to the firm to pay off its debts to ACAP.
ACAP allegedly lied to Contingency that the loan would cover Dunken’s debt to ACAP. The company later declared Dunken in default of a new loan that it had ...
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