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Automotive Legal Class Action Collective Redress Consumer Class Action Emissions Portfolio Facility

Emissions Claims

The Case

The claims are brought on behalf of car owners and lessees, alleging that a number of leading vehicle manufacturers fitted ‘defeat’ devices to their vehicles to circumvent EU and UK emissions regulations designed to protect the environment.

Why It’s Significant

As with the Volkswagen claims which were brought on behalf of 91,000 customers, many hundreds of thousands, or even millions, of car owners and lessees are affected.

Therium’s Solution

Therium is financing claims against a number of vehicle manufacturers including Mercedes, Vauxhall, Jaguar Land Rover and others.

Specialism

Consumer Class Action / Collective Redress / Law Firm Portfolio / Emissions

Sector

Legal / Automotive

Case Studies

Legal Portfolio Facility

Law Firm Portfolio

The Case

Therium is funding a £50m portfolio facility with Liverpool-based litigation boutique Provenio Litigation LLP. Provenio was launched in 2019 by a team of senior litigation lawyers from DLA Piper in order to advise exclusively on high-value, national and international commercial disputes. The portfolio arrangement allows Provenio to offer its clients creative fee structures, including fully contingent fee arrangements.

Why It’s Significant

Provenio has used the portfolio for a range of claims, including business interruption insurance claims on behalf of clients whose trading has been affected by the COVID-19 pandemic.

Therium’s Solution

The portfolio facility demonstrates Therium’s ability to deploy capital in innovative ways and its continuing support for the new wave of entrepreneurial, boutique law firms that are helping claimants secure access to justice across the UK and beyond.

Specialism

Law Firm Portfolio

Sector

Legal

Case Studies