"On behalf of litigation funder Bentham IMF, Fideres recently put together a group of 15 institutional claimants, from four European countries. The case, Stichting Ratings Redress v Royal Bank of Scotland and Standard & Poor’s (HA 13-1787), currently in the Dutch courts, involves a complex leveraged financial product called CPDO that was sold to European investors in the run-up to the financial crisis.
In the context of this collective action, the group members assigned their claims, with an aggregate value of approximately USD 500 million, to a Dutch foundation which will pursue the claim against the arranger and rating agency Standard & Poor’s. The litigation costs of the case are being funded by Bentham IMF."
The above is an excerpt from an article dated 25th March 2014. Revenue of $12M seems small change if the above case is the one you are referring to.
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