Summary
- My 14th investment into commercial litigation crowdfunding has reached finality.
- It has been 770 days from the time of an ACH transfer to the distribution.
- The investment has generated a 1.70x MOIC and a 28.45% IRR.
Key Events
| Date | Cashflows | Description |
|---|---|---|
| Feb 14, 2019 | New Investment Opportunity – $1.50M | |
| Feb 14, 2019 | Capital Commitment – $25K | |
| Feb 15, 2019 | ($25,000) | Deposit via ACH |
| Mar 1, 2019 | Capital Disbursement | |
| Oct 21, 2020 | Judgement – the petitions for review are denied | |
| Mar 25, 2021 | Distribution of Proceeds via ACH | |
| Mar 26, 2021 | $42,399 | Payment Received |
Funding
In February 2021, LexShares posted a products liability case.
Progress
In September 2020, The Supreme Court denied the petition and the Court of Appeal issued a remittitur. In February 2021, Defendant paid the entire judgment amount, which would be held until the Supreme Court grants a writ of certiorari.
Resolution
In March 2021, Defendant announced they would not file their petition for a writ of certiorari. LexShares distributed settlement proceeds of $42,399 via ACH for my investment. Net profit was $17,399 over 770 days, for a gross multiple of invested capital (MOIC) of 1.70x and an internal rate of return (IRR) of 28.45%.
