JIL Juridica

 

TIDMJIL 
 
RNS Number : 7338B 
Juridica Investments Limited 
02 November 2009 
 

Juridica Investments Limited 
 
 
("JIL" or the "Company") 
 
 
Portfolio update 
 
 
2 November 2009 
 
 
 
 
Juridica Investments Limited, a leading provider of capital to the law market, 
today provides a portfolio update. 
 
 
At the interim results on 28 September 2009 the board informed shareholders of a 
change in circumstance in Case 0608-S, saying that interest accrued on this 
investment had been written off and that no new interest would be accrued 
pending further developments in the case. 
 
 
Since the interim results announcement the board has had an opportunity to carry 
out a full review on its investment in Case 0608-S and as a result exercised its 
right to withdraw from further funding under its investment agreement, 
concluding that it is no longer appropriate to carry this investment as an asset 
in the Company's accounts. 
 
 
As at 30 June 2009 the carrying value of Case 0608-S was approximately US$2.8 
million. 
 
 
The Company is also reserving and reviewing all of its rights under its 
investment agreement and applicable law. 
 
 
In addition, a favourable interim ruling has been delivered on Case 5208-E that 
significantly reduces Fields Scrantom Sullivan's ("FSS") exposure on a 
particular risk issue in the case for which funds were reserved. Consequently, 
FSS has notified the Board of JIL that it will pay JIL $1.50 million of cash it 
had reserved to cover costs in this case. This amount will reduce FSS's 
obligations to JIL under the terms of the loan it has agreed with JIL. 
 
 
 
 
- Ends - 
 
 
 
 
For more information contact: 
 
 
+------------+------------------+ 
| Juridica   | +1 866 443 1080  | 
| Capital    |                  | 
| Management |                  | 
| (UK)       |                  | 
| Limited    |                  | 
| Richard W. |                  | 
| Fields     |                  | 
|            |                  | 
+------------+------------------+ 
| Cenkos     | +44 20 7397 8900 | 
| Securities |                  | 
| plc        |                  | 
| (Nominated |                  | 
| Adviser    |                  | 
| and        |                  | 
| Broker)    |                  | 
| Nicholas   |                  | 
| Wells      |                  | 
| Camilla    |                  | 
| Hume       |                  | 
|            |                  | 
+------------+------------------+ 
| Bell       | +44 20 7861 3232 | 
| Pottinger  |                  | 
| Corporate  |                  | 
| &          |                  | 
| Financial  |                  | 
| David      |                  | 
| Rydell     |                  | 
| Olly       |                  | 
| Scott      |                  | 
|            |                  | 
+------------+------------------+ 
 
 
 
 
About Juridica Investments Limited 
 
 
Juridica Investments Limited is a leading provider of capital to the business 
community and the legal market. It invests directly and indirectly in a 
diversified portfolio of commercial claims and disputes. JIL's objective is to 
be the premier source of value-added and direct financing or large business 
claims, especially in the United States and the United Kingdom. 
 
 
Our clients are Fortune 1000 companies, FT Global 500 companies, small 
businesses, inventors, major universities and the leading law firms that 
represent them. JIL accepts only cases that have already been carefully vetted 
and accepted by qualified lawyers, does not invest in speculative cases and 
accepts only a small fraction of the cases reviewed. 
 
 
The Company focuses exclusively on business-to-business related claim 
investments. It does not invest in shareholder class actions, personal injury, 
product liability, or mass tort claims. 
 
 
JIL was established on 21 December 2007 as a limited liability, closed-ended 
investment company registered in Guernsey. It has over US$200 million of assets 
under management and is listed on AIM, a market operated by the London Stock 
Exchange (AIM: JIL). 
 
 
The Company has appointed Juridica Capital Management Limited as its exclusive 
investment manager to locate, select and manage direct and indirect investments 
in cases, claims and disputes. 
 
 
For more information visit Juridica Investments Limited at 
http://www.juridicainvestments.com/  and Juridica Capital Management Limited at 
http://www.juridica.co.uk/ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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