New York – July 20, 2018 – Cooley advised founder Ralph Sutton on the launch of his new litigation funding firm, Validity Finance. Cooley partner Ron Hopkinson and special counsel Marc Samuel led the team advising Sutton.
Validity’s backers have committed up to $250 million of capital to the new business. The company is anchored by a majority commitment from New York and London-based private equity firm TowerBrook Capital Partners through its Structured Opportunities Fund.
“We're entering a new wave of funding, where capital and legal expertise combine to help solve legal problems on behalf of clients, including law firms with whom we partner,” said Sutton in a news release. “What will matter in this new wave – and what will make our industry sustainable – is fairness in funding.”
Validity heralds a new wave of legal funding by providing clients with the financial resources and strategic advice needed to ensure complex legal disputes are resolved on their merits. Validity's mission is to make a meaningful difference in the legal system by focusing on client needs, both in the investment process and in the results.
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