Burford Capital

Fossil Group Announces Appointment of Eugene Davis and Pamela Corrie to Board of Directors

Retrieved on: 
Monday, March 25, 2024
FOSL, Burford Capital, GTT Communications, Spark Networks, BHG, Weil, Gotshal & Manges, Corporation, General counsel, Lord, Verso Corporation, AIG Financial Products, Acquisition, Senior, Bed Bath & Beyond, Lord & Taylor, Accounting, Fossil, Management

RICHARDSON, Texas, March 25, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (“Fossil” or the “Company”, NASDAQ: FOSL) today announced that Eugene I. Davis has been appointed to the Board of Directors (the “Board”), effective March 24, 2024.

Key Points: 
  • RICHARDSON, Texas, March 25, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (“Fossil” or the “Company”, NASDAQ: FOSL) today announced that Eugene I. Davis has been appointed to the Board of Directors (the “Board”), effective March 24, 2024.
  • The Company also announced that it has entered into a Cooperation Agreement with shareholder The Buxton Helmsley Group, Inc. (“BHG”).
  • Pursuant to the Cooperation Agreement, the Company will welcome BHG nominee Pamela B. Corrie to the Board, effective March 24, 2024.
  • The appointment of the two new independent directors reflects Fossil’s commitment to ongoing Board refreshment and governance excellence.

Notification Of Transactions By Persons Discharging Managerial Responsibilities

Retrieved on: 
Wednesday, April 3, 2024
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NEW YORK, April 3, 2024 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, provides the following notification of various transactions by persons discharging managerial responsibilities (each, a "PDMR"), as well as an update on the aggregate actual and potential ownership of members of Burford's management committee of Burford's ordinary shares of nil par value ("Shares").

Key Points: 
  • This is a tax-efficient way for Burford's employees to continue to accumulate interests in the Shares.
  • The Notification of Dealing Forms for each of the transactions set forth above are included at the end of this announcement.
  • As of April 2, 2024, Mr. Bogart's foundation held 213,950 Shares and Mr. Molot's foundation held 227,195 Shares.
  • 5 Percentage figures calculated using 218,646,081 Shares issued and outstanding as of April 2, 2024.

New Research Shows Businesses Increasingly Open to Reframing Legal Department from Overhead to Capital Source

Retrieved on: 
Tuesday, February 20, 2024
Burford Capital, CFOS, Lawyer, Thought, GCS, Organization, Research, COVID-19

In the nearly 15 years since Burford's inception and in the wake of the last great recession, how businesses view their litigation and arbitration portfolios has drastically changed.

Key Points: 
  • In the nearly 15 years since Burford's inception and in the wake of the last great recession, how businesses view their litigation and arbitration portfolios has drastically changed.
  • Pressures on cost management have been persistent through turbulent economic times, Covid, supply chain constraints, geopolitical tensions and slow economic growth in major economies.
  • GCs and CFOs agree that collaboration is needed but differ on its extent: 70% of GCs and CFOs say it is important that the legal department find new ways to recover value—signaling a shared desire to reframe the legal department as a capital source.
  • This marks our 15th year in business – and while the legal field is generally slow to change, this research reinforces that CFOs and GCs are thinking about their legal departments differently, and Burford is laser-focused on helping companies reframe the legal department more as capital source than overhead."

BUXTON HELMSLEY NOMINATES FOUR HIGHLY QUALIFIED DIRECTORS TO FOSSIL GROUP BOARD TO HELP END YEARS OF SHAREHOLDER SUFFERING

Retrieved on: 
Tuesday, February 20, 2024
Steps, Citadel, Celsius Network, Certified Public Accountant, Senior, Failure, Long Island University, Certified Fraud Examiner, History, Fossil Group, Organization, Boxed, Corporation, Bank statement, Annual general meeting, School, Fortune 500, Accounting, FOSL, Bed Bath & Beyond, Lord & Taylor, CFE, Chairperson, BlackRock, Certified in Financial Forensics, Columbia University, Business school, CPA, CFF, Delta Air Lines, Spark Networks, Burford Capital, Risk, General counsel, Business, Lord, Research, LUSH, Face, CFO, The Company, Bloomberg, BHG, AIG Financial Products, Pier 1 Imports, Weil, Gotshal & Manges, Justice, Management

NEW YORK, Feb. 20, 2024 /PRNewswire/ -- The Buxton Helmsley Group, Inc. (together with certain of its affiliates, "BHG" or "we"), which has an approximate 1.4% interest in Fossil Group, Inc. ("Fossil" or the "Company") (NASDAQ: FOSL), today announced its intention to nominate four highly qualified director candidates to the Fossil Board of Directors (the "Board") at the Company's 2024 Annual Meeting of Shareholders.

Key Points: 
  • Alexander Parker, Senior Managing Director at BHG, said, "Fossil is a beloved brand that has delighted millions of customers for years.
  • "Given the Board's abysmal judgement and failure to oversee management for years, the need for immediate change at Fossil is abundantly clear.
  • As a result, Buxton Helmsley is nominating four highly qualified directors with the required skillsets, financial and operational acumen, track records of creating shareholder value, and integrity to restore Fossil's credibility and rebuild trust with investors.
  • She is also Head of Strategy, Consulting at Seramount, a professional services and research firm committed to advancing high-performing, inclusive workplaces.

Latest Burford Quarterly journal of legal finance addresses top dispute trends to anticipate in 2024

Retrieved on: 
Thursday, January 11, 2024
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NEW YORK, Jan. 11, 2024 /PRNewswire/ -- Burford Capital, the leading global finance and asset management firm focused on law, today releases its latest Burford Quarterly, a journal of legal finance that explores the top trends at the nexus of law and finance.

Key Points: 
  • Articles in the Burford Quarterly 1 2024 include:
    A readout of Burford's hosted roundtable with senior in-house lawyers from top companies across Europe, which answers key questions GCs have about legal finance .
  • How Cessna turned legal paper into cash: A case study
    The story of how the global aviation manufacturer used legal finance to bring in the enforcement experts and generate immediate liquidity.
  • The nuts and bolts of patent divestitures and why name brand companies are financing divestitures.
  • Legal finance and JPI solve different problems but work well together, and the efficacy of JPI can be meaningfully enhanced with legal finance.

Burford Capital, PLI Press Publish Comprehensive Reference on Commercial Legal Finance

Retrieved on: 
Thursday, November 2, 2023
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NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Global legal finance company Burford Capital announces the release of a new book providing an indispensable overview of the industry and practical introductions to the use of commercial litigation and arbitration finance in key jurisdictions worldwide.

Key Points: 
  • NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Global legal finance company Burford Capital announces the release of a new book providing an indispensable overview of the industry and practical introductions to the use of commercial litigation and arbitration finance in key jurisdictions worldwide.
  • Published by PLI Press, a division of Practising Law Institute, Commercial Legal Finance addresses key questions about legal finance structures, pricing, and mechanics, providing a step-by-step overview of the process for obtaining legal finance.
  • Covering key jurisdictions including the US, England & Wales, Europe, Asia, and Australia, the book addresses ethical considerations for litigants and lawyers, key considerations for commercial litigation, patent litigation and arbitration financing, and a legal finance glossary of terms.
  • “In-house counsel with responsibility for litigation and arbitration, as well as law firm practitioners advising clients in this area, can benefit from a comprehensive reference to the commercial legal finance industry that offers practical guidance on the mechanics of litigation and arbitration finance in key jurisdictions and practice areas around the world,” says David Perla, Co-Chief Operating Officer at Burford Capital, who co-edited the treatise with Co-Chief Operating Officer Aviva Will and Burford’s Suzanne Butters.

DailyPay Appoints Seasoned Finance Executive Ken Brause as Chief Financial Officer

Retrieved on: 
Wednesday, November 1, 2023
Federal Reserve Bank of New York, Fintech, OneWest Bank, Bankers Trust, NYSE, Bank, OnDeck Capital, University of Chicago Booth School of Business, Head, Burford Capital, American International Group, Acquisition, DailyPay, MBA, Guido Georg Wilhelm Brause, Economics, Wharton School of the University of Pennsylvania, Growth, Trust, Pan American Bank, Small business, Business, University, Small Business Lending Index, CFO, Senior advisor, CIT Group, Management

NEW YORK, Nov. 1, 2023 /PRNewswire/ -- DailyPay, a leading financial technology company, today announced that Ken Brause joins the company as Chief Financial Officer, reporting to CEO Kevin Coop. Brause will advance DailyPay's financial strategy and capabilities to accelerate company growth. Brause brings more than 35 years of financial services and fintech experience at companies of various sizes and stages of ownership and growth, and has extensive expertise overseeing companies through complicated capital markets transactions and transformations.

Key Points: 
  • NEW YORK, Nov. 1, 2023 /PRNewswire/ -- DailyPay , a leading financial technology company, today announced that Ken Brause joins the company as Chief Financial Officer, reporting to CEO Kevin Coop.
  • "Ken is an exceptional finance leader with a breadth of experience across strategy, financial and operational roles," said DailyPay CEO Kevin Coop.
  • Prior to joining DailyPay, Brause was Senior Advisor and Chief Financial Officer of NYSE- and AIM-listed Burford Capital, a leading global finance and asset management firm.
  • "I'm thrilled to be joining DailyPay at this pivotal time in the company's evolution, as it continues to grow rapidly and improve profitability," said Ken Brause.

Latest Burford Quarterly journal of legal finance addresses top data trends in commercial litigation and arbitration, judgment enforcement and asset recovery

Retrieved on: 
Wednesday, October 11, 2023
AI, Artificial intelligence, Proskauer Rose, GCS, Burford Capital, Bankruptcy, Cryptocurrency, Management, Renewable energy

NEW YORK, Oct. 11, 2023 /PRNewswire/ -- Burford Capital, the leading global finance and asset management firm focused on law, today releases its latest Burford Quarterly, a journal of legal finance that explores the top trends impacting the business of law.

Key Points: 
  • The latest issue of the Burford Quarterly 4 2023 includes:
    Key takeaways from a recent discussion with leading players in integrated data analytics and AI, moderated by Co-COO David Perla.
  • Burford Co-COO Aviva Will analyzes key considerations top in-house lawyers face around the world, leveraging new insights from a survey of 66 GCs, heads of litigation and other senior lawyers.
  • A recent portfolio financing arrangement with a Fortune 500 company demonstrates how businesses benefit from building—and financing—affirmative litigation recovery programs.
  • Burford's CFO Jordan Licht describes Burford's new industry-standard approach for valuing legal finance asset values, which gives clients and investors greater transparency into the performance of legal finance partners.

New research shows GCs seek greater value from legal claims and judgments

Retrieved on: 
Tuesday, September 19, 2023
GCS, GLG, Research, Lawyer, Risk, Burford Capital, Growth, Climate, GC, Economics, Cryptocurrency, Insurance, Construction

NEW YORK, Sept. 19, 2023 /PRNewswire/ -- Burford Capital, the leading global finance and asset management firm focused on law, today releases new independent research that reveals how businesses are finding solutions to extract greater value from legal claims and judgments, based on a survey of 350 GCs, heads of litigation and senior in-house lawyers in the US, Europe, Asia, Australia and the Middle East.

Key Points: 
  • With research released earlier this year by Burford showing that GCs expect commercial disputes to increase in the next two years, how companies pay for and extract value from their meritorious claims is more important than ever.
  • Burford's new report on the economics of commercial disputes and enforcement demonstrates a desire by senior in-house lawyers to maximize the value of claims, judgments and unenforced awards, without adding to costs.
  • Notably, 61% of those surveyed say that uncertain or challenging conditions would impact their likeliness to consider legal finance solutions.
  • The new research confirms GCs' desire to achieve optimal financial outcomes with their claims, judgments and awards.

BURFORD CAPITAL STATEMENT ON YPF DAMAGES RULING

Retrieved on: 
Friday, September 8, 2023
PACER, Rule, Virginia General District Court, Uncertainty, IR, Second Circuit Court of the Supreme People's Court, YPF, Face, Supreme Court of the United Kingdom, Case, United States Court of Appeals for the Second Circuit, Lawyer, Judgement, Conclusion, District court, Risk, Burford Capital, Hearing, Supreme court, Court, Supreme, Letter, Hand, Bankruptcy, Sales, Cryptocurrency, Insurance, Life insurance, Argentines, Plaintiff, Republic, Eton Park, Petersen

NEW YORK, Sept. 8, 2023 /PRNewswire/ -- Burford Capital Limited, the leading global finance and asset management firm focused on law, today releases the following statement in connection with the September 8, 2023 Findings of Fact and Conclusions of Law (the "Ruling") issued by the United States District Court for the Southern District of New York (the "Court") in connection with the Petersen and Eton Park cases against the Republic of Argentina and YPF (the "Case" or the "YPF Litigation").

Key Points: 
  • We discuss below the computation of potential damages but in round numbers the Court's Ruling implies a judgment against Argentina of approximately $16 billion.
  • In other words, the Ruling results in a complete win against Argentina at the high end of the possible range of damages.
  • The Ruling is a major milestone for Burford and we continue to see momentum in our overall portfolio and continued demand for our capital and services."
  • While Burford offers in this release its views and interpretation of the Ruling, those are qualified in their entirety by the actual text of the Ruling and we caution that investors cannot rely on Burford's statements in preference to the actual Ruling.