England & Wales Court of Appeal · UK · 2016 · Decided
Citation/Docket: [2016] EWCA Civ 1144
Posture: Costs orders against funders of a failed claim
Funder(s) involved: Multiple funders (incl. Psari Holdings)
Funders bankrolled a speculative $1.6B claim that failed spectacularly, with the court condemning how it was pursued.
Funders held jointly liable for indemnity-basis costs, they 'follow the fortunes' of the litigation they fund.
Funders inherit the litigation conduct of those they finance; diligence and monitoring are costs-exposure management, not just underwriting.
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Compiled from public sources (court filings, published opinions, and secondary reporting) as part of the Institute's Phase 1 Dispute Library research. This is educational material, not legal advice; case citations should be independently verified before relied upon.