Lawsuits financing isn’t an organization for the faint of heart. However Houston-based funder Virage Capital Management’s record because its 2013 launch reveals an especially close relationship to run the risk of: Its loaning becomes part of the story in a minimum of 4 noteworthy law practice collapses, 3 of which have actually likewise included company lawyers who have actually been charged or examined by regulators over misusing funds.
Virage, established by previous Enron director and vice president Edward Ondarza, has actually often relied on the courts to gather on its loans after obtaining companies default and state personal bankruptcy. The court docket in Harris County, Texas, reveals 4 continuous claims released by the business in the district, with the lawsuits funder taking legal action against passing away companies for quantities varying from $300,000 to $15 million to $85 million.