Investment funds group

Background

The liquidator of a group of investment funds (IF) wanted to claim against the auditors of the IF for failing to identify frauds perpetuated by the manager of the IF.

Harbour’s funding

With the support of Harbour’s funding, the lawyers were able to obtain, review and organise a significant volume of financial data. When presented to the defendant’s lawyers at an early stage in the proceedings, this lead to a satisfactory settlement, avoiding a costly trial.

Outcome

Harbour’s funding enabled the work, traditionally undertaken later in the litigation process, to be done early achieving settlement which was the aim from the outset. The alignment of a strong, tactically minded funder and legal team made that happen.

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