UK-based litigation financier, Therium Capital, known for taking on unique cases, jumped right into a battler over the late Saudi businessman and billionaire Osama Ismail Abudawood’s estate. This move was unusual for litigation funders because of the unpredictability and emotions which involved Abudawood’s wife and daughter fighting for the estate against his brothers. Therium aimed to secure a portion of a potentially significant settlement, and after multiple lawsuits across three countries, the families reached a global settlement. Although Abudawood’s wife and daughter delayed signing the agreement and demanded additional guarantees shortly thereafter. Lawyers of Abudawood’s brothers say they were unable to track down the wife and daughter, and speculated they delayed signing to avoid paying Therium. This case highlights the risks and complexities associated with litigation funding emotional family disputes. https://news.bloomberglaw.com/litigation-finance/billion-dollar-estate-suits-show-hazards-of-funding-family-feuds
Billion Dollar Estate Shows Risks of Funding Family Feuds
