The JurisTrade Platform soft-launched last week with over
$70 million in litigation funding
opportunities in single cases, funding mass tort dockets and law
firm refinancing.
MIAMI, March 18,
2025 /PRNewswire-PRWeb/ -- Typhon Capital Management,
Larry Hite, and two notable family
offices announced the soft launch of a joint venture entitled
JurisTrade, a technology company to facilitate the world's first
Litigation Asset Marketplace for institutional investors, law
firms, and litigation finance funds. JurisTrade is standardizing
access to litigation finance and adding transparency and liquidity
to the growing $30 billion
market.
JurisTrade is a sophisticated electronic platform whose goal is
to become the funding site for Plaintiffs and Law firms who are
looking to obtain financing, as well as becoming the industry's
secondary marketplace. Typhon Capital also has a full-service OTC
desk behind JurisTrade to help users negotiate terms and structure
all manner of trades and vehicles.
JurisTrade leverages Typhon Capital's expertise and
infrastructure to streamline the entire litigation funding process.
JurisTrade enables claims trading (such as bankruptcy and mass
tort), passive funds holding such interests, and actively managed
funds such as thematic claim trading, market making, and activist
litigations. Typhon Capital can also structure insurance wrappers
around litigation-focused SPVs, whether on single-case interests,
portfolios of cases, or bundles of loans.
The founding management team includes James Koutoulas as CEO, Kevin J.P. O'Hara as Chairman, Shawn Hartpence as Chief Commercial Officer, and
Andrew Barroway and Larry Hite as strategic limited partners.
"Mr. Koutoulas is a seasoned hedge fund manager and attorney
with a unique skillset encompassing derivatives-trading, complex
bankruptcy and class action litigation, and software development
makes him the perfect CEO to bring the emerging asset class of
litigation assets to a wider audience. He and I share similar
philosophies on structuring vehicles with asymmetric,
positively-skewed, and uncorrelated return profiles which will be
much appreciated in the litigation investing world." said
Larry Hite, Founder of Hite Capital.
"Similarly, Mr. O'Hara's previous roles as M&A driver and
general counsel/CLO at Arca, NYSE, CBOT, and Gulf Finance House
(not to mention as SEC prosecutor) gives JurisTrade one of the most
accomplished exchange experts to steer our growth."
"Larry Hite is a pioneer of two
assets classes – commodity trading and litigation assets. Larry is
an original "Market Wizard" and we are humbled to have him as a
founding partner and advisor to JurisTrade," said James Koutoulas, CEO of JurisTrade.
The JurisTrade Platform soft-launched last week with over
$70 million in litigation funding
opportunities in single cases, funding mass tort dockets and law
firm refinancing. Typhon Capital Management, which is also in talks
with investors to build customized thematic baskets in closed-end
funds, soon plans to launch the Cerus Activist Fund led by Messrs.
Barroway and Koutoulas will both provide liquidity on JurisTrade
along with leading activist and distressed litigations.
Please sign up to view our initial inventory and be kept up to
date at www.juristrade.com.
About Larry Hite:
Larry Hite is a legendary
commodities trader and one of the founders of systematic trading.
Mr. Hite founded Mint Capital, which was the largest CTA in the
world by AUM in 1990. He has since been an active investor in
litigation assets where he has invested in thousands of cases.
About Typhon Capital Management:
Typhon Capital Management, led by CEO James Koutoulas, is a multi-strategy hedge fund
and platform specializing in tactical futures, quantitative, and
cryptocurrency trading. Typhon creates custom
portfolios and structured products for institutional investors and
wealth management firms and is headquartered in Miami Beach. Mr. Koutoulas also was lead
customer counsel in the MF Global bankruptcy, leading the recovery
of all $6.7 billion in customer
assets.
About Kevin J.P. O'Hara:
Kevin J.P. O'Hara has had a broad
and accomplished career across finance and law. He was one of the
key people in the merger of Archipelago with the NYSE in 2006which
became the NYSE Arca Exchange. Mr. O'Hara was a: c-suite member at
CBOT, NYSE, Archipelago, Gulf Finance House (Bahrain); attorney at the SEC, DOJ (US
Attorneys Office), and a major Chicago law firm (products liability defense);
and law and business school lecturer and adjunct professor at
Northwestern University and
Loyola University.
About Shawn Hartpence:
Shawn Hartpence has over a decade
of experience advising law firms, litigation fund managers and
institutional investors on capital formation and litigation
investment. Areas of expertise include mass tort portfolio funding,
secondary mass tort portfolio trading, single-case funding,
portfolio funding, single-case monetization, and capital
introduction for niche litigation strategies. Mr. Hartpence is a
partner at Ocasio Mass Tort Law a DC Law Firm and a Board Member of
a cutting-edge AI Litigation assessment company.
About Andrew Barroway:
Andrew Barroway is a
distinguished litigator and hedge fund manager with a proven track
record of success in the investment world. He previously built
Barroway, Topaz, Kessler, Meltzer, & Check, LLP, the second
largest securities class action firm in the country, and helped
lead the $3.2 billion settlement of
Tyco Ltd. International. At Merion Investment Management, Mr.
Barroway invented the appraisal rights arbitrage trade where he
managed $1.2B in the near-riskless
strategy, annualizing 13.25% net for 12 years. Mr. Barroway is a
strategic limited partner in JurisTrade and the senior portfolio
manager of our upcoming Cerus Litigation Fund.
Media Contact
Adam Weiss, AMWPR, 1 212 542
3146, adam@amwpr.com, https://juristrade.com/
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SOURCE JurisTrade
