Audible

New York, N.Y. — Davidson Kempner Capital Management has emerged as a prominent financier in ongoing patent litigation against Amazon’s Audible Inc., marking the hedge fund’s first public acknowledgment in the burgeoning realm of litigation finance. This $16.1 billion industry is captured by the investment community’s increasing interest, as hedge funds and private equity firms explore opportunities to back lawsuits. Traditionally, funders in litigation finance are vocal about their services and actively engage with law firms seeking support. However, many investment managers, including Davidson Kempner, often prefer to operate discreetly, revealing their involvement only through … Read more