Welcome to our dedicated page for Burford Capital news (Ticker: BUR), a resource for investors and traders seeking the latest updates and insights on Burford Capital stock.
Burford Capital Limited (NYSE: BUR) generates a steady flow of news as a global finance and asset management firm focused on law. Company announcements repeatedly describe Burford’s businesses as including litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities, and its news coverage reflects these themes.
On this page, readers can follow Burford Capital news related to its legal finance portfolio, financing activities, dividends and corporate governance. Recent press releases, many of which are furnished on Form 8-K, have covered topics such as unaudited financial results for quarterly and year-to-date periods, interim dividend declarations on ordinary shares and detailed updates on significant legal matters like the YPF case involving the Republic of Argentina.
Burford’s news flow also includes capital markets activity, such as private offerings of senior notes by its indirect, wholly owned subsidiary Burford Capital Global Finance LLC, with guarantees provided on a senior unsecured basis by Burford Capital and certain subsidiaries. These releases explain the intended use of proceeds, including repayment or redemption of existing bonds and general corporate purposes.
In addition, Burford publishes thought leadership through its Burford Quarterly journal, which explores legal finance trends across sectors and jurisdictions. News items describe how legal finance is used to manage risk, unlock capital and support complex business disputes, highlighting Burford’s perspective on developments at the intersection of law and finance.
Investors and observers can use this news page to review Burford’s official communications, including earnings announcements, dividend decisions, updates on key legal matters and commentary on the evolving legal finance market, all drawn directly from the company’s own press releases and regulatory disclosures.
Burford Capital, a global finance and asset management firm focused on law, has issued 528 new ordinary shares on December 23, 2024, in connection with its 2016 Long Term Incentive Plan (LTIP). These shares were issued to satisfy vested restricted stock units from December 20, 2024 awards. The shares will be admitted to trading on London Stock Exchange's AIM market around January 3, 2025, and will also be listed on the NYSE.
Following this issuance, Burford's total issued ordinary share capital stands at 220,091,851 shares, with 669,947 shares held in treasury. The total number of voting rights, excluding treasury shares, will be 219,421,904.
Burford Capital releases new research on energy transition disputes, revealing significant challenges businesses face as they shift to renewable energy. The study, based on insights from 300 GCs and heads of litigation across key industries, shows that 76% of GCs are already experiencing energy transition-related disputes, with 47% expecting further increases in the next decade. 63% of GCs anticipate legal fees exceeding $4 million per case, while 29% expect costs over $10 million. The research highlights that 77% of GCs predict increased contractual disputes, with 75% considering legal finance to offset dispute costs.
Burford Capital has announced the pound sterling conversion rate for its 2024 interim dividend. The previously declared dividend of 6.25 US cents per ordinary share will be paid on December 5, 2024, to shareholders of record as of November 1, 2024. For shareholders choosing to receive their dividend in pound sterling, the payment will be 4.845352 pence per ordinary share, calculated using an exchange rate of £1 = US$1.289896 set on November 6, 2024.
Burford Capital reported strong Q3 2024 results with record-breaking performance. The company achieved $556 million in Burford-only cash receipts YTD24 and $310 million in Q3 alone. Core portfolio net realized gains reached $184 million YTD24, up 49% from YTD23, with a return on invested capital of 94%. Q3 net income attributable to shareholders was $136 million, with tangible book value exceeding $10 per share for the first time. New commitments increased substantially in Q3 2024 compared to Q3 2023, while total portfolio value grew 4% to $7.48 billion.
Burford Capital addresses inaccurate media reporting regarding a U.S. Department of Justice (DOJ) court filing in the Petersen and Eton Park matters. The filing only addresses a narrow legal question about judgment enforcement and does not represent DOJ's broader position on the case against Argentina. The DOJ's view suggests that U.S. courts cannot compel Argentina to move property from Argentina to the United States for creditor attachment under New York law, though this remains an unsettled legal issue. The DOJ's opinion is not binding, and further legal proceedings will follow. Burford plans to provide additional updates during their earnings call.
Burford Capital (BUR) will release its financial results for Q3 2024 on Thursday, November 7, 2024, at 7:00am EST. The company will host a conference call for investors and analysts at 10:00am EST the same day. A live webcast will be available, and participants are encouraged to pre-register. An accompanying Q3 results presentation will be accessible on Burford's website before the call. The company has provided dial-in numbers for USA, Canada, and UK participants, with access code 1730316.
Burford Capital (BUR) has announced key information regarding its 2025 Annual General Meeting (AGM). Effective January 1, 2025, Burford will transition from a foreign private issuer to a US domestic issuer. The 2025 AGM is expected to be held in May 2025, with the company utilizing the SEC's notice-and-access method for meeting materials and proxy solicitation.
Important deadlines for shareholders include:
- December 13, 2024: Deadline for submitting shareholder proposals under Rule 14a-8
- January 15, 2025 to February 14, 2025: Period for submitting director nominations and other shareholder proposals
Shareholders must comply with Burford's articles of incorporation and SEC requirements for proposal submissions and director nominations. The company has provided alternative deadlines if the AGM date changes significantly.
Burford Capital, the leading global finance and asset management firm focused on law, marks its 15-year anniversary with impressive business growth and new legal finance research. Since its founding in 2009, Burford has grown from a $130 million fund to managing a portfolio of over $7 billion. The company's annual commitments to legal finance assets have increased from $11 million in 2009 to $1.2 billion in 2023.
New research reveals a significant increase in legal finance awareness and usage among lawyers. 82% of surveyed law firm lawyers claim to have used legal finance, a ninefold increase since 2012. The research also indicates that legal finance is now viewed as a strategic tool for managing risk across commercial litigation and arbitration. Corporate clients are increasingly embracing legal finance, with 82% of surveyed lawyers noting an increase in its use by corporations over the past 15 years.
Burford's CEO, Christopher Bogart, emphasizes the company's focus on client needs, innovation, and advancing the business of law as key factors in their success and future growth.
Burford Capital, a leading global finance and asset management firm focused on law, has released its latest Burford Quarterly to mark its 15th anniversary. This edition explores the evolution of legal finance and its business benefits over the past 15 years.
The Burford Quarterly 4 2024 includes articles on:
- Charting the next chapter of Burford's journey
- Legal finance as a strategic solution for modern business challenges
- Current trends and future directions in IP monetization
- Championing diversity in law through The Equity Project
- Arbitration trends in Latin America
- Implications of a proposed collective redress bill in Spain
Aviva Will, President of Burford Capital, emphasizes the company's commitment to publishing insightful thought leadership and research about commercial legal finance, continuing a 15-year tradition of educating business and legal leaders about the industry.
Burford Capital , a leading global finance and asset management firm focused on law, has issued 8,629 new ordinary shares on September 23, 2024. This issuance is in connection with the Burford Capital 2016 Long Term Incentive Plan (LTIP) to satisfy the vesting of restricted stock units from awards realized on September 20, 2024.
The company will apply for these new shares to be admitted to trading on the AIM market of the London Stock Exchange, with an expected admission date of October 1, 2024. These shares will also be listed on the New York Stock Exchange.
Following this issuance, Burford Capital's total issued ordinary share capital is 220,091,323, with 669,947 shares held in treasury. The total number of voting rights in the company, excluding treasury shares, will be 219,421,376.