Funder Ordered To Top Up Costs In Dentons Gold Scam Suit

 Funder Ordered To Top Up Costs In Dentons Gold Scam Suit
By Joanne Faulkner (September 27, 2021, 7:06 PM BST) — The litigation funder supporting a case against Dentons over an alleged €6.5 million ($7.2 million) gold dust investment scam was ordered to put up more than £1 million ($1.4 million) in security Monday after a London judge expressed doubts about a litigation insurance policy.

Deputy Master Gordon Nurse said it was possible that a policy to cover the legal costs of more than 240 investors if they lose a lawsuit accusing Dentons of recklessly backing a fraudulent investment scheme could be avoided.

The after-the-event insurance policy, valued at £1.2 million, does not include an anti-avoidance clause, which removes the right for…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to…

Read full article at www.law360.com