Investment Criteria
Veridis invests flexibly in complex litigation claims and other situations or asset in which the primary drivers of value include legal or regulatory processes.
BASIC CRITERIA
- Invest in assets with $5,000,000 or more of potential value
- Prefer opportunities in which (i) no competitive auction is occurring; and (ii) we can add strategic value other than capital.
Investment Structure
- Generally non-recourse
- Single-case or portfolio financings
- One-time investment or recurring structures (programmatic equity, revolver, facility, or similar)
- Debt (fixed-return) or equity (variable-return) structure
Cause of Action
- Breach of contract
- Breach of fiduciary duty
- Theft of trade secrets
- Fraud
- Intellectual property disputes
- Real estate litigation
- Trust and estate litigation
- Tax disputes
- Claims in bankruptcy and liquidation
- Antitrust
- Class actions
- Mass torts
- False Claims Act and other whistleblower claims
Geography
- US state or federal courts or alternative dispute resolution forum
- Reliable foreign venues when we follow a U.S.-based claimant or law firm (e.g., ICSID, UNCITRAL)
Party Receiving Funding
- Law firms, corporate in-house legal teams, or any claimant (company, university, governmental entity, estate, individual, non-profit)
Uses of Proceeds
- Pay legal fees
- Pay for expert witnesses and other expenses
- Smooth earnings or generate distributable cash
- Move unpredictable expense off company books
- Free up working capital for any purpose