Juridica, a leading provider of strategic capital for corporate legal claims to both businesses and the legal markets, provides the following update on material events relevant to its portfolio.

Case 8008-L has now completed after a denial of further review by the US Supreme Court. The case involved the direct investment of US$26.0 million into an anti-trust price-fixing case that generated gross recoveries of approximately US$89.7 million. As previously disclosed, the trial court dismissed a significant part of the plaintiff's damages against the remaining non-settling defendants in early 2014, and this dismissal was affirmed on appeal. As a result of this negative ruling, the amount of projected future settlements for this case will be removed from the Company's investment valuations. This will have the direct impact of reducing the Company's NAV by approximately US$29.7 million at mid-year 2015.

However, the Company has also had several favorable developments that will have positive impacts on the NAV.

First, three patent cases have completed thus far this year with positive results. Cases 0108-S, 0209-S and 0409-C have settled in their entirety, resulting in gross recoveries to the Company of US$23.5 million. Cases 0108-S and 0209-S were related investments made by the Company in intellectual property enforcement claims in 2008 and 2009, respectively. Juridica's total investment in both cases since its initial commitment was US$11.6 million. The combined profit on these correlated investments is about US$1.5 million. Case 0409-C was also an investment made by the Company in intellectual property enforcement claims in 2009. It also settled in line with expectations after a favorable trial result. Juridica's total investment in Case 0409-C since its initial commitment was US$4.56 million. The profit attributable to the Company is approximately US$5.8 million, which was previously realized in the accounts.

In addition, a new investment made by the Company in multiple intellectual property enforcement claims in May 2015, Case 114107, returned the Company's full investment of US$1.3 million following a recent settlement with one defendant. The Company's Investment Manager expects additional settlements from this Case's claims within the next 12 to 24 months.

Furthermore, Juridica has also invested in a new case involving a positive jury verdict that was reversed by the trial court. An appellate decision is expected before the current year end.

Finally, Case 5009-S which involves the alleged theft of trade secrets and has claimed damages in excess of US$500 million has been set for trial on 20 October 2015. The Company is entitled to approximately 28% of the first US$100 million of any award or settlement, and approximately 26% above those amounts. The current NAV contains only US$5.8 million for this case based on the low end of the range of possible settlement values. A successful trial verdict and damage award will have a significant positive impact on NAV.

The Company expects to publish its accounts and an updated NAV for its portfolio as soon as possible in the third quarter of 2015. The cumulative effect of the developments detailed in this announcement may result in an estimated reduction to the NAV of as much as approximately US$26.8 million (approximately 15.6 pence per ordinary share). However, the ultimate NAV calculation for the first six months of 2015 will be determined by the net of all positive and negative changes in fair value of the entire portfolio. The Company expects other positive developments from its case portfolio prior to year end which may further mitigate the negative impact of this development in 8008-L.

Commenting on the portfolio's recent results, Juridica's Chairman, Lord Brennan, said:

"As previously guided the Company's portfolio of investments has continued to mature towards resolutions, with a further US$23.5 million of recoveries. At the same time it is disappointing to see one of our investments not achieve its full potential, despite delivering gross recoveries of approximately US$89.7 million.

Remarking on the portfolio's near-term potential, Richard Fields, Chairman and CEO of the Manager, Juridica Asset Management, also said:

"The Company's portfolio includes several large cases that have the potential to exceed the Investment Manager's expectations reflected in the current NAV, including a large anti-trust case that is expected to go to trial late this year or early next, and a statutory case that is set for a damages trial on part of its claims in August of this year. We continue to see exciting opportunities to deploy the fund's capital in assets that have the potential to generate solid returns for shareholders."

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