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Company Funding Lawsuits Sees Profit Outlook Brighten Amid Virus

  • Earnings estimates for Omni Bridgeway more than doubled in ‘20
  • Litigation finance demand to be around for years: CEO
Omni Bridgeway's profit expectations have climbed amid virus
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Analysts have rapidly lifted their earnings forecasts for a global litigation financier on expectations that the coronavirus pandemic could spark more legal disputes.

Forward consensus earnings estimates for Sydney-listed Omni Bridgeway Ltd. have more than doubled since the start of the year and have seen the most positive percentage change on the S&P/ASX 200 Index, according to data compiled by Bloomberg. The company is embarking on a worldwide hiring spree after funding applications increased three-fold amid the pandemic, said Chief Executive Officer Andrew Saker.