- 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.
|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|
In February 2021, LexShares posted a products liability case.
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.
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%.