REG - Litigation Cap. Mgmt - Update on Case Investment and Strategic Review

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RNS Number : 2269W  Litigation Capital Management Ltd  11 March 2026

11 March 2026

Litigation Capital Management Limited

("LCM" or the "Company")

Update on Case Investment and Strategic Review

 

Litigation Capital Management Limited ("LCM" or the "Company"), an alternative
asset manager specialising in dispute financing solutions internationally, is
pleased to announce that its funded party has been successful in the High
Court of Australia in a trademark dispute claim it funded on behalf of Katie
Perry (Designer), a Sydney-based fashion designer against Katy Perry (Singer)
and her related corporate entities.

The claim was initially brought in the Federal Court of Australia where there
was a finding of infringement of the Designer's trademark by the Singer and
one of her related corporate entities.  The Singer and her related corporate
entities appealed this decision to the Full Court of the Federal Court who
found, among other things, that the Designer's trademark should be cancelled
as she had applied for the trademark knowing of the Singer's reputation. The
Designer applied for special leave to appeal to the High Court of Australia
which was granted on 11 April 2025.  Following a hearing before the High
Court of Australia on 9 September 2025, by majority, the appeal was
successful.

The matter will now go back to the Full Court in respect of outstanding
issues, including costs of the proceeding before the primary judge and the
Full Court.  Following that, the damages need to be quantified and at that
point we will be able to determine LCM's return on investment.  LCM has
invested A$3.3m of shareholder capital into this claim (it is a balance sheet
investment without any participation of fund investors) and it has been held
in LCM's financial statements at a value of A$3.3m.

The Company also anticipates a judgment on another small case investment, with
A$1.4 million shareholder invested capital, within the next week. The outcome
will be announced when the judgment has been handed down.

LCM will be finalising the date of its half-year results presentation in the
coming weeks, and this will then be communicated to investors. The
presentation is expected to be later than usual, around the end of March, in
order to increase the likelihood of being able to give shareholders a
meaningful update on the outcome of the Strategic Review.

The Company will make further announcements as and when appropriate.

Patrick Moloney, CEO of LCM, commented: "LCM has provided funding for this
claim from its balance sheet since 2019.  It is a classic instance of
disputes finance enabling a claimant to bring a claim which they would
otherwise not have the resources to fund.  The case was successful at first
instance, then overturned on appeal and now the case has succeeded in the High
Court. We now look forward to pursuing this claim to conclusion."

Enquiries

 Litigation Capital Management
 Patrick Moloney, Chief Executive Officer

 David Collins, Chief Financial Officer

 Cavendish (Nomad and Broker)                               Tel: 020 7220 0500
 Jonny Franklin-Adams and Isaac Hooper (Corporate Finance)

 Ella Bedford (Corporate Broking)

 

www.lcmfinance.com (http://www.lcmfinance.com)

 

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