Who we are
Claims Funding Europe is a litigation funding company specialising in multi-party actions for the victims of corporate misconduct, in particular cartels and claims for shareholders. Many individuals and companies with legitimate legal claims do not pursue them because of the high cost and risks associated with litigation. By agreeing to assume the risk and paying all the costs, Claims Funding Europe provides access to justice for parties with genuine claims. Claims Funding Europe is incorporated in Dublin, Ireland and is owned by Australia’s premier class action law firm, Maurice Blackburn Lawyers and International Litigation Funding Partners Pte. Ltd.
What we do
At Claims Funding Europe, we offer to completely underwrite the cost and risks of litigation in return for a commission, payable only if the claim is successful. This includes paying the defendants’ costs if the case is unsuccessful. Our commission rate is a percentage of recovered damages so there are no hidden extras or uncertainty. Our mandate is to identify, fund, manage and resolve multi-party litigation (i.e. where significant numbers of potential claimants are involved) on behalf of victims of corporate misconduct, mainly cartel and securities actions.
Cartel cases & other breaches of competition law
Claims Funding Europe is currently funding proceedings against major airlines we allege are jointly and severally liable on behalf of all airlines that were found guilty by the European Commission. On the 9th November 2010 the European Commission (EC) found these airlines had operated a worldwide air freight cartel between December 1999 and 14th February 2006. This affected the price of cargo services within the European Economic area (EEA) during the cartel period and perhaps longer. The European Commission fined 11 air cargo carriers a total of €799,445,000. Businesses which purchased air freight services during the cartel period can seek a refund without the worry, cost and risk of claiming against the airlines themselves.
Corporate misconduct & losses to shareholders
Sometimes companies fail to reveal to the market the truth about factors which may adversely affect profit predictions, production schedules, revenue, product quality etc., so as to protect the value of company shares. Investors purchase shares taking into account corporate statements and when the truth emerges the share price often crashes. Claims Funding Europe underwrites actions by investors who lose money as a result of corporate misstatements. Claims Funding Europe is co-funding the first German multi-billion Euro lawsuit against Volkswagen AG on behalf of investors who suffered losses after it was revealed that Volkswagen had fitted ‘defeat devices’ to its cars.