Christopher Bogart, CEO, Burford Capital
The litigation funder has moved to full remote working, prompted in part by one of its New York staff members contracting COVID-19.
April 02, 2020 at 05:21 AM
1 minute read
The original version of this story was published on Law.com International
Publicly listed litigation funder Burford has canceled its final 2019 dividend and will reallocate bonus payments back into the business as it assures its investors that it has “more than sufficient” liquidity amid the COVID-19 pandemic.
The firm unveiled the measures in a stock exchange announcement on Thursday and said its CEO and CIO have committed to use their 2019 bonuses “to purchase Burford securities” once the company has released its results for the year ended 31 December 2019.
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