Lit Funder Pravati and Pierce Bainbridge End Partnership (3)

After a tie-up two years ago, Arizona-based litigation financier Pravati Capital and litigation boutique Pierce Bainbridge Price & Hecht are going their separate ways.

“We funded Pierce Bainbridge Beck Price & Hecht’s significant growth following our disciplined methodology for selecting, underwriting, and structuring investments. We have been recently fully paid out and are not currently partnering with the firm,” said John Lovallo, a spokesman for Pravati Capital.

Pravati made its statement after dueling lawsuits were filed by the Los Angeles-based boutique law firm and former partner Donald Lewis. Lewis accused the firm and individuals of fraud and financial wrongdoing, and ...