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Class action funder IMF Bentham boosts global reach

Jemima Whyte

IMF Bentham has formed an alliance with a Dutch rival that will boost its funding for class actions to more than $2 billion, just as concern mounts in corporate Australia at rapidly growing numbers of these suits.

Litigation funder IMF Bentham is buying Netherlands-based Omni Bridgeway in a deal worth up to $141 million at a time of intensifying scrutiny of class actions, many bankrolled by litigation funders.

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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/class-action-funder-imf-bentham-boosts-global-reach-20191015-p530to