New to the U.S., litigation funding company commits more than $1.5 million to class action against Chevron
According to a copy of the litigation funding agreement, Therium Litigation Funding IC currently has $1.7 million invested in the class action lawsuit against the oil giant. Judge Susan Illston of the U.S. District Court for the Northern District of California granted Chevron Corp.’s motion in August, requiring the agreement be released.
The plaintiff in a proposed class action brought against oil giant Chevron Corp. over a gas explosion off the coast of Nigeria has yet to reveal the identity of his third-party funder. Last month, Judge Susan Illston ordered the plaintiff, a Nigerian fisherman, to meet and confer in person regarding the agreement and related documents.