Close Brothers shares tanked after the merchant bank announced a huge write-off on the legacy business of ill-starred litigation lender Novitas. The deal has opened a regulatory Pandora’s box too ...

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SAN FRANCISCO, March 5, 2026 /PRNewswire/ -- Novitas Holdings, a technology-focused investment firm founded by former Memora Health CEO Manav Sevak, has officially launched to support founder-led ...

One of the biggest UK litigation funders has announced that it has ceased lending to new customers, despite announcing assets of more than £200m just over a year ago, the Gazette has learned. Novitas ...

A strong second half of the year was not enough to stop merchant banking group Close Brothers’ profit halving compared to the year before due to provisions related to legal finance specialist Novitas.

(Alliance News) - Close Brothers Group PLC on Tuesday reported its half-year profit declined significantly amid provisions at its litigation finance business Novitas. Shore Capital research analyst ...

NASHVILLE, Tenn.--(BUSINESS WIRE)--Healthways (NASDAQ: HWAY) announced effective July 1, it is providing the Prime ® Fitness program to Novitas Solutions (formerly Highmark Medicare Services) of Camp ...

Law firms specialising in volume consumer litigation face increasing challenges due to rising costs and stricter regulatory ...

Close Brothers half year profit slumped as the bank set aside over £100m for bad loans relating to legal finance specialist Novitas. As a result of the provisions the London-based merchant bank’s ...

The wound care industry faces unprecedented scrutiny as Medicare Part B expenditures for skin substitutes exceeded $1.6 billion in the fourth quarter of 2023 alone. The spending surge has triggered a ...