IMF business relies on settling claims
IMF (Australia), the litigation funder, has taken just thirteen cases through to completion in nine years since listing in 2001.The company has recovered $750 million for clients and $224 million for itself and shareholders, mainly through 76 settlements.Twenty-four IMF actions have been withdrawn, and 13 followed all the way through to judgement.Of the thirteen judgments, which took an average of 2.9 years each, IMF has won nine, lost four and recovered $27 million.The return on investment for IMF of cases that go all the way to judgement is much higher than those that are settled. Including the costs of the lost cases, IMF makes a 403 per cent ROI on judgement cases and 297 per cent on settled cases.IMF rates all cases it takes on as 85 per cent likely to be successful.