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High Court orders security for costs against third-party funder supporting group litigation

Overview

The High Court has granted an application for security for costs against a commercial litigation funder supporting the then remaining claimants in the RBS Rights Issue Litigation.


It declined to order security against another third party which was not in litigation funding as a business and was not primarily motivated by a wish to profit from the provision of funding: The RBS Rights Issue Litigation [2017] EWHC 1217 (Ch).