Therium has been mentioned in an article in The Lawyer magazine regarding the first-ever group settlement in the interchange litigation ‘umbrella proceedings’.
The group of 700 businesses was funded by Therium. Law firm Humphries Kerstetter Launched the claim on behalf of 27 claimants in 2017.
The majority of the claimants are UK retailers, with some local authorities and universities too.
Fred Bowman, senior investment manager at Therium, said: “Therium is proud to have provided the funding that enabled the claimants to take legal action against such well-resourced defendants. This result demonstrates the important role of litigation finance and we are very happy to have supported the claimants in this long-running litigation.” Read the full article here: https://www.thelawyer.com/700-claimants-settle-in-interchange-fee-showdown/
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