Key Takeaways
- • The Delaware Supreme Court upheld a Chancery Court ruling that rejected claims that hedge fund manager Casey Gard and affiliates improperly shifted a litigation-finance business away from a company he co-owned with attorney Brett K. Findler, according to Law360.
- • The affirmance ends Findler's appeal of liability findings arising from a business breakup between the two co-owners.
- • The ruling resolves a dispute over whether a litigation-finance business was redirected away from a shared company, a matter of direct interest to litigation-finance investors and fund managers.
Summary
The ruling ends Findler's challenge to the liability findings stemming from the business breakup between the two co-owners. The report describes the matter as a closely watched dispute, though the available excerpt does not detail the specific financial terms of the separation, the amounts at issue, or the precise reasoning of either court.
For institutional investors and alternative-investment professionals, the decision provides clarity on the outcome of a contested dispute involving a hedge fund manager's activities in the litigation-finance sector. Further details on the court's analysis and the underlying business arrangements would be available in the full Law360 article.
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