Financial Times mentions Burford as legal funder in landmark Wirecard lawsuit
- Securities litigation
Burford Capital is financing a leading lawsuit serving as a test case for a broader group of institutional shareholders who suffered losses of almost €2 billion in Wirecard’s collapse and are seeking compensation.
Germany’s third-largest asset manager, Union Investment, has brought the landmark suit, which is being closely watched by the payment group's former shareholders, bondholders and lenders.