JIL Juridica

 

TIDMJIL 
 
RNS Number : 3043O 
Juridica Investments Limited 
28 June 2010 
 

                          Juridica Investments Limited 
 
                          ("Juridica" or the "Company") 
 
 
                                Portfolio update 
 
 
Juridica, a leading provider of capital to the law market, provides the 
following portfolio update. 
 
The Company is pleased to report a new investment in a patent portfolio from a 
Fortune 500 company and a supplemental investment in an existing case that 
insures a minimum return on the investment. 
 
On 4 June 2010, Juridica made a $1.5 million investment in a new patent matter 
designated Case 0210-M. This is the Company's second acquisition of a patent 
portfolio asset directly from a Fortune 500 company. The patent portfolio covers 
digital advertising technology where the claimholder expects a complaint to be 
filed against seven or more defendants during the third quarter of 2010. This 
new investment has broadened Juridica's relationships which now include an 
additional Am Law 100 firm and one of the top intellectual property trial 
lawyers in the US. 
 
On 22 April 2010, Juridica made a $400,000 supplemental investment in Case 
6509-A by purchasing an insurance contract that provides certainty to Juridica's 
minimum returns from this case. The underlying case involves a significant 
judgement for breach of contract, fraud and related claims.  The judgement was 
rendered in a US Federal court and is currently under appeal.  Obtaining this 
insurance contract reflects the Company's strategy to manage investment risk and 
its desire to lock-in returns when appropriate. The terms of the insurance 
contract provide that the insurer will pay the Company either: 
a)   $4.0 million if the case fails on appeal or at any future trial if the case 
is remanded for a new trial; 
b)   the difference between $4.0 million and any settlement less than $4.0 
million; or 
c)   $4.0 million if the case is not completed within five years from the 
policy's date of inception. 
 
Juridica's initial investment in Case 6509-A was $2.0 million. Once this case is 
resolved, the Company is entitled to a return of its $2.0 investment plus a 
premium calculated with regard to the time elapsed from the date of investment 
to the date of final resolution which, depending on timing, ranges from $2.0 
million to $5.5 million. 
 
Richard W. Fields, Chairman and Chief Executive of Juridica Capital Management, 
the Investment Manager, said: "We are delighted that an A.M. Best Company 'A' 
rated insurer has recognised the investment quality of our portfolio. This 
insurance policy is an industry first and eliminates Juridica's risk profile for 
this particular investment." 
 
 
                                    - Ends - 
 
 
For more information contact: 
 
+------------+------------------+ 
| Juridica   | +1 866 443 1080  | 
| Capital    |                  | 
| Management |                  | 
| Richard W. |                  | 
| Fields     |                  | 
|            |                  | 
+------------+------------------+ 
| Cenkos     | +44 20 7397 8900 | 
| Securities |                  | 
| plc        |                  | 
| (Nominated |                  | 
| Adviser    |                  | 
| and        |                  | 
| Broker)    |                  | 
| Nicholas   |                  | 
| Wells      |                  | 
| Camilla    |                  | 
| Hume       |                  | 
|            |                  | 
+------------+------------------+ 
| Pelham     | +44 20 7861 3232 | 
| Bell       |                  | 
| Pottinger  |                  | 
| David      |                  | 
| Rydell     |                  | 
| Olly       |                  | 
| Scott      |                  | 
|            |                  | 
+------------+------------------+ 
 
 
About Juridica 
 
Juridica 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. The Company'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. Juridica 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. 
 
Juridica 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 at http://www.juridicainvestments.com 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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