YPF Ruling From Second Circuit Tests Burford: New York Brief

Argentina’s win is Burford Capital’s loss, Wells Fargo’s first-in-the-nation union faces setbacks, and how much judges are really using AI, below:

YPF Loss Tests Burford’s Resiliency

Burford Capital is trying to reassure investors after the litigation funder’s stock plunged 50% following an adverse court decision, Emily R. Siegel reports.

The drop came in the wake of the Second Circuit’s reversal of a ruling that ordered Argentina to pay $16.1 billion over the seizure of state-run oil company YPF. Burford had stood to win a large share of the award in return for paying the costs of litigants to bring ...