MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Pawnee Leasing Corporation
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Chesswood Group Limited to Enter the Litigation Finance Industry - Case Funding to join Chesswood’s specialty finance portfolio
Chesswood Group Limited to Enter the Litigation Finance Industry

 

NewswireToday - /newswire/ - Fort Collins, CO, United States, 2011/06/02 - Case Funding to join Chesswood’s specialty finance portfolio.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial / Legal / Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Chesswood Group Limited ("Chesswood") is pleased to announce that it has signed a binding agreement with the shareholders of a New York based litigation finance company (the "Current Company"), that will, subject to closing, launch Case Funding Inc. ("Case Funding") as a provider of litigation financing to plaintiffs and attorneys throughout the United States.

The entire team of the Current Company will join Case Funding and will combine their litigation finance experience with Chesswood’s specialty finance expertise and financial resources, to build a growth-oriented litigation finance business.

Chesswood has committed to providing at least US$6 million in capital to Case Funding, from its existing cash resources.

"The litigation finance market is a large underserved market that has been growing rapidly over the last decade" said Barry Shafran, Chesswood’s President and CEO. "The industry expertise of Case Funding’s team coupled with our risk management discipline, offers Chesswood a great opportunity to expand its portfolio in specialty finance and enjoy healthy risk-adjusted returns" added Shafran.

The transaction is expected to close before June 30, 2011.

The agreement provides for a purchase price of US$1.0 million, of which US$950,000 will be satisfied through the issuance to the vendors of 119,647 Chesswood common shares based on Chesswood’s market average trading price, volume adjusted for the 10 days prior to execution of the Agreement, of $7.94. The agreement also provides for the future conditional acquisition by Chesswood of the Current Company, based on its net cash position following certain wind-down milestones being met, for a maximum purchase price of U.S.$1.8 million to be satisfied through the issuance to the vendors of Chesswood common shares at the same issue price used for the purchase of Case Funding.

About Chesswood Group Limited

Chesswood is a specialty finance company with operating businesses in both Canada and the U.S.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial / Legal / Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Pawnee Leasing Corporation

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial / Legal / Venture articles,
CATCH Visitors via Your Competitors Announcements!


Chesswood Group Limited to Enter the Litigation Finance Industry

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Gary H. Souverein - PawneeLeasing.com 
970-482-2556 x222 pr[.]pawneeleasing.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Pawnee Leasing Corporation securities in any jurisdiction including any other companies listed or named in this release.

Financial / Legal / Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Pawnee Leasing Corporation / Company Profile


Read Financial / Legal / Venture Most Recent Related Newswires:

The Retirement Advantage Appoints Darin Erdmann As National Sales Manager
Global Female Income to Reach Trillion in 2020 Says Frost & Sullivan
ALM Announces the Launch of Legal Radar
SCOR Acquires A Majority Stake in AgroBrasil - An Innovator and Leader in Brazil’s Agriculture Insurance Ecosystem
The Retirement Advantage, Inc. Hires Trey Galuppi As MEP Specialist
Controlling eDiscovery Spend, Security, and Cloud Are Top Priorities for Enterprise Legal Departments
ALM Announces the Launch of Law.com International
The Retirement Advantage, Inc. Continues Expansion of National Footprint with Acquisition of FSA
Global Lending Services, LLC Expanding Operations, Adding 669 Jobs in Greenville County, SC
Two Powerhouse Keynotes to Drive the Business of Law Discussion At Legalweek
The Retirement Advantage, Inc. Expands Consulting Capabilities and National Footprint
Global Financial Analytics Market is Propagating At a Growth Rate of 10.05% CAGR by 2027 Finds Inkwood Research
Apollo and Athene to Acquire PK AirFinance from GECAS
TRA Offers Complimentary Business Assessment to TPA Owners through Year-End 2019
ALM Announces New Data-driven Audience First Marketing Platform

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  TransPerfect

Visit  BizJobs.com





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)