Portfolio update (7537J)
05 7월 2011 - 3:00PM
UK Regulatory
TIDMJIL
RNS Number : 7537J
Juridica Investments Limited
05 July 2011
Juridica Investments Limited
('Juridica' or the 'Company')
Portfolio update
Juridica, a leading provider of strategic capital to both
businesses and the legal markets for corporate claims, provides the
following portfolio update.
The Company is pleased to report that two if its investments,
Case 5608-N and Case 0808-C, have made substantial progress through
their judicial processes.
As announced in the 2010 Annual Report and Accounts, Case
5608-N, which is one of the Company's significant investments (and
one of the invested matters under the loan facility to Fields
Sullivan PLLC) went to appeal and recently had its plaintiff's
substantive claims reinstated. The trial is now scheduled for later
this year. This case has estimated potential damages in excess of
US$1 billion. The Company, through its loan facility to Fields
Sullivan PLLC, has a right to a significant investment return.
Case 0808-C is an investment the Company has in a patent
infringement case. This investment consists of two separate cases
both of which are multi-defendant. One of the cases recently won
its Markman hearing (a pre-trial hearing whereby the construction
of the patents are defined and determined) and is scheduled to
begin trial in July 2011. Potential damages in the case are
estimated to be in excess of US$200 million for which the Company
is entitled to a 7% share. The second case remains in pre-trial
status.
The above disclosure is being made to ensure shareholders are
aware that material events are possible in the near-term. No
assurance can be given that the above noted investments will
actually come to full completion in the near-term or that the
investments will generate profits when completed.
Richard W. Fields, Chairman and Chief Executive of Juridica
Capital Management, the Investment Manager, said: "Today's
statement provides further evidence that Juridica's portfolio is
entering an exciting phase of development and maturity, in line
with recent Company announcements. This supports our optimism that
certain investments will come to conclusion and have the potential
to generate significant returns."
- Ends -
For more information please contact:
Juridica Capital Management
Limited
Richard Fields, Chief Executive +1 866 443 1080
Cenkos Securities plc
(Nominated Adviser and Broker)
Nicholas Wells
Camilla Hume +44 (0)20 7397 8900
Pelham Bell Pottinger
David Rydell
Olly Scott +44 (0)20 7861 3232
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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