- Litigation Capital Management, a litigation financing solutions provider, said Monday it had entered into an agreement to provide litigation finance relating to a commercial dispute in Australasia.

The proceedings related to a commercial dispute regarding the division of 'significant' global assets, which were currently owned by a partnership, the company said.

Litigation Capital Management forked out a capital commitment of A$5.5m.

'This investment is a further example of LCM diversifying its portfolio of litigation finance projects across industry sector and capital commitment size, ensuring that the company's investments and potential returns are uncorrelated,' said Patrick Moloney, CEO of LCM.

At 8:49am: [LON:LIT] share price was 0p at 68.25p

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