Welcome to our dedicated page for Burford Capital news (Ticker: BUR), a resource for investors and traders seeking the latest updates and insights on Burford Capital stock.
Burford Capital Limited (symbol: BUR) is a preeminent global finance and professional services firm with a singular focus on law. Listed on both the London Stock Exchange (LSE) and the New York Stock Exchange (NYSE), Burford has established itself as a trailblazer in the field of litigation finance, asset management, and legal advisory services. The company's core business revolves around providing capital to the legal industry, thereby facilitating the resolution of meritorious commercial disputes.
Burford's operations are segmented into two primary areas: Capital Provision and Asset Management and Other Services. The Capital Provision segment encompasses the direct funding of legal cases and investments in managed funds, while the Asset Management segment offers an array of services including litigation insurance, law firm lending, corporate intelligence, and judgment enforcement.
Over the years, Burford has secured over $500 million in capital commitments, aiding a diverse clientele that ranges from start-ups to major public corporations. Notably, Burford collaborates with more than half of the AmLaw 50 firms and many of the leading law firms in the UK. This extensive client reach underscores Burford's significant impact in legal finance and risk management.
Recent achievements for Burford include a landmark $16 billion judgment in a case against Argentina, emphasizing its prowess in high-stakes litigation finance. Additionally, Burford's inclusion in the Russell 3000® and 2000® Indexes marks its growing influence and recognition in the financial sector. The firm’s ongoing projects also involve innovative approaches to corporate finance solutions, as evidenced by a recent $325 million commitment with a Fortune 50 company.
Burford's comprehensive suite of services extends to risk transfer, asset recovery, and advisory activities, positioning it as a one-stop solution for legal finance needs. The company's strong financial health is reflected in its robust quarterly earnings and continuous expansion across key global markets including the United States, United Kingdom, Singapore, Hong Kong, China, and Australia.
With offices in major financial hubs such as New York, London, Chicago, Washington, DC, Singapore, Dubai, Sydney, and Hong Kong, Burford maintains a global footprint that enables it to serve clients effectively across different jurisdictions. As a publicly traded entity, Burford remains committed to transparency and stringent regulatory compliance, ensuring sustained growth and shareholder value.
Burford Capital, a global finance and asset management firm focused on law, has published the latest issue of its journal, Burford Quarterly, on April 19, 2023. This edition features insights from industry leaders, including an interview with ACC President and CEO Veta T. Richardson discussing diversity challenges in legal practice. Key topics include a case study on how health insurers utilized legal finance for risk management, insights from Burford's 2022 Securities Litigation Symposium, and discussions on the role of legal finance in protecting patent rights for medical device companies. The publication emphasizes the importance of legal finance in offsetting economic downturns for law firms and offers perspectives from insolvency practitioners across the Asia-Pacific region.
Burford Capital Limited (NYSE: BUR) announced a favorable ruling from the U.S. District Court for the Southern District of New York regarding its litigation against Argentina over unfulfilled tender offers related to YPF shares. The court found Argentina liable for damages but dismissed YPF from the case. Burford anticipates substantial damages, with estimates ranging from $4.5 billion to $7.5 billion for Petersen and between $550 million to $900 million for Eton Park. The court will hold a hearing to resolve issues before calculating damages, while Burford's shares were briefly suspended on the NYSE following the ruling.
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