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LONDON - Litigation Capital Management Limited (AIM:LIT), a global provider of dispute financing solutions, has addressed recent media speculation about a potential investigation by a legal authority in Dubai. The company, which has not been contacted by any legal body regarding the supposed allegation, stated today that it believes there is no merit to the claim, which was initially mentioned in a press article earlier in the day.
The speculation stems from a complaint reportedly made in 2022, but LCM has confirmed that it has received no historical or recent communication from legal authorities concerning this matter. The company is actively looking into the situation and has promised to inform the market as necessary.
LCM operates two business models: direct investments from its permanent balance sheet capital and third-party fund management. The company has three investment strategies: single-case funding, portfolio funding, and acquisitions of claims. LCM, which generates revenue through direct investments and performance fees from asset management, prides itself on a disciplined project selection and robust risk management.
Headquartered in Sydney with offices in London, Singapore, Brisbane, and Melbourne, LCM was listed on AIM in December 2018 under the ticker LIT. The company’s statement today was intended to clarify its position and reassure stakeholders of its commitment to transparency and regulatory compliance.
This article is based on a press release statement from Litigation Capital Management Limited.
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