Validity Finance strengthens its investment team and its corporate governance

NEW YORK, January 29, 2019 / PRNewswire / – Disbursing lender Validity Finance has significantly enriched its growing investment team with the arrival of portfolio advisers William C. Marra in New York. The firm also announced an important addition to its governance structure, with Allen Fagin, former president of Proskauer Rose LLP, has joined the board of Validity. Finally, the validity has preserved the old New York federal judge John Gleeson, partner of Debevoise & Plimpton LLP in New York, as an external consultant to advise on investment opportunities.

Launched last June with a first $ 250 million In the committed capital, Validity has built up a substantial portfolio of commercial litigation investments, partnering with companies, and leading law firms to help finance and monetize their litigation.

"As we continue to expand our business and expand our portfolio, we are pleased to announce the appointment of a remarkable new member of our team of professionals and to welcome a distinguished name within our board of directors and a distinguished advisor to our investment committee, "said Validity's chief executive Ralph Sutton.

William Marra joined noted validity Washington DC. boutique in dispute Cooper & Kirk, following court transcripts for justice Samuel Alito of the US Supreme Court and Judge William Pryor of the US Court of Appeals for the Eleventh Circuit. With extensive litigation experience in complex commercial, regulatory and constitutional affairs, Mr. Marra will badist in badessing potential portfolio investments and advising clients and law firms on cases in which funding may contribute to a settlement. fair. He received his J.D., magna cum laude, award from Harvard Law School, where he was editor-in-chief of the Harvard Journal of Law & Public Policy.

"The combination of litigation practices with important issues and experience in providing advice on legal opinions at the highest levels of law is an undeniable advantage in helping our clients meet their most difficult legal challenges in the world." financing and strategic advice ", stated Julia Gewolb, Director of Validity Subscription. Marra is the fourth Validity staff member to hold the position of Federal Clerk. She joins the firm's list of former lawyers, including former Kirkland & Ellis litigators, Schiller Flexner Boies and Gibson Dunn, among others.

Judge John Gleeson will advise Validity in its review of investment opportunities. A partner at Debevoise and a former litigator with Cravath, Swaine & Moore, Mr. Gleeson was US Deputy Attorney for the Eastern District of New York, before being appointed as Judge of the Eastern District by President Clinton in 1994. Leaving his position as a judge in 2016, Mr. Gleeson continues to work on major litigation and law enforcement cases. appeal, both civil and criminal, as an badociate in the Debevoise litigation.

"With more than 22 years of experience in the federal judiciary, Justice Gleeson's perspective on strategy and trial mechanisms is unprecedented, and by advising Validity, he will bring this wealth of experience to improve our decisions. investment, "commented Mr. Sutton.

Allen Fagin joins the board of Validity, composed of eight members. Allen, one of the country's leading litigators in labor and employment law, represented a wide range of companies and organizations active in workplace-related areas. In 2005, Allen was elected president of Proskauer Rose, a position he held for six years. After his retirement from Proskauer, Mr. Fagin was executive vice president of the Union of Orthodox Jewish Congregations of America.

"It's an honor to have Allen Fagin Sutton said, "His ideas as a lawyer and his experience overseeing one of the country's most prestigious law firms would be welcome," said Sutton. "But Allen also has a strong social conscience and ethical fabric, and we welcome his contributions advancing best practices in litigation funding."

Sutton said he hoped Validity would introduce new funding models in the coming year, including new funding arrangements for law firms to handle high-risk cases, as well as initiatives to increase funding for defense issues.

About Validity: Validity offers businesses, law firms and individuals non-recourse financing for a wide range of commercial disputes. Founded by a pioneer of contentious finance Ralph SuttonValidity believes that capital and legal expertise combine to help solve legal problems on behalf of clients. With a mission to make a significant difference in the legal system by focusing on the needs of the customer, Validity stands out for its constant concern for fairness, innovation and clarity. For more information, visit www.validity-finance.com.

Of: Allan Ripp 212-262-7477 [email protected]

SOURCE Validity Finance

Related Links

http://www.validity-finance.com