'Little' due diligence done on Axiom Legal Financing fund investments
The managers of the suspended £117m Axiom Legal Financing fund carried out "little or no due diligence" on the cases in which they invested shareholders' money, according to KPMG.
Graham Hampson and Ronan Guilfoyle, the directors of the fund which loans money to law firms running no-win, no-fee cases, have petitioned the Grand Court of Cayman to have the Axiom fund wound down because...
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