Janus Henderson Affiliates Lose Round in Litigation Finance Case

Janus Henderson Group Plc affiliates lost their bid Friday to escape a lawsuit brought by Calumet Capital Partners LLC over their alleged scheme to back the litigation funding firm into a corner and poach its business.

A Delaware Chancery Court judge let the lawsuit move forward against Victory Park Capital Advisers LLC, one of its executives, and several associated funds, likening their hardball tactics to a racket. The allegations, if true, show a “systematic campaign” to maliciously weaken their litigation finance joint venture by blocking loan deals so Victory Park could strong-arm Calumet into a buyout for pennies on ...