CHICAGO - OCTOBER 14: Traders watch prices in the Dow Jones Industrial Average stock index futures pit on the CME Group trading floor October 14, 2009 in Chicago, Illinois. Today the Dow closed above 10,000 for the first time in a year and seven months after it hit a 12-year low of 6,547.05 on March 9. (Photo by Scott Olson/Getty Images)Scott Olson/Getty Images
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Apollo Global Management and Leon Black, its billionaire CEO, will have an outside law firm investigate the financiers ties to convicted sex offender Jeffrey Epstein.
For years, reports have circulated about the ties between Black and Epstein. Meanwhile, Black has maintained his relationship with Epstein was limited.
However, a recent report by The New York Times seems to have pushed Apollo to conduct a thorough examination.
A firm that backs big-money lawsuits says its US listing is a big stamp of approval.
Yoonji Han has an interesting look at Burford Capital, a litigation finance firm that started trading on the New York Stock Exchange on Monday.
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Litigation funders invest in lawsuits, getting a cut of the payout if the suit is successful. Burford's listing on NYSE opens the door for more of these firms to raise capital via public channels. The result could be them becoming more mainstream.
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Billionaire Leon Black's relationship with Jeffrey Epstein will be reviewed by an outside law firm, following a NYT report about the pair's financial ties