GoKawiilBurford Capital shares rise 9% after disclosing stake in Apple patent verdict
Litigation funder Burford Capital's stock jumped more than 9% in London trading after it revealed a financial entitlement in Taction Technology's $5.7 billion patent verdict against Apple over the Taptic Engine. Burford said it could receive up to $1.4 billion if the verdict is paid in full, split roughly equally between its balance sheet and investment funds. Court records show Taction's litigation funding came through Kenosha Investments LP, an indirect Burford subsidiary, and Gronostaj Investments LLC.