Building on our core business of investing in claims in Chapter 7 and 11 bankruptcies, Argo Partners provides litigation funding on an individual and portfolio basis to all stakeholders in bankruptcy proceedings, including debtors, creditors, trustees, and their counsel. Bankruptcy marks an underserved and critical area in litigation finance, where well-founded legal claims frequently are not pursued due to a lack of resources.
Argo’s litigation funding, which is non-recourse and typically capped at $500,000 per investment, may be used by litigants for legal fees and/or operating expenses while litigation proceeds. Funding also maximizes litigation recoveries by affording recipients the opportunity to retain high quality counsel, consultants, and experts who would otherwise exceed litigation budgets. When provided to attorneys retained on a full or partial contingency basis, funding reduces financial risk, assists cash flow management, and incentivizes additional retentions by counsel to grow revenues.
With over 25 years’ experience in the bankruptcy field, combined with our successful funding of many non-bankruptcy litigations (discussed below), Argo’s bankruptcy litigation funding affords recipients the opportunity to monetize meritorious claims for the benefit of creditors and debtor estates.
As a natural outgrowth of investing in uncertain future cash flows, Argo Partners began investing in litigation in 2011, with a focus on appellate matters. Over time, Argo has expanded its funding efforts to include funding plaintiffs and counsel at both the trial and appellate levels in state, federal, and regulatory proceedings across all manner of claims, ranging from complex commercial to product liability and personal injury. Our non-recourse funding allows recipients to mitigate litigation risk while applying funds to personal or business expenses, or towards the costs of litigation.
While the terms for each funding vary, Argo’s recovery is typically structured as a low multiple of its investment, increasing over time. Recognizing the urgent liquidity needs of many litigants and counsel, Argo quickly completes its diligence and funding decision-making process. We are happy to discuss how litigation funding may assist you or your client in any pending matters.