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  "documentTitle": "Burford Capital (BUR)",
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  "authorName": "Carson C. Block",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-02-10 00:00:00",
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      "kind": "callout",
      "text": "We call on Burford to disclose the history of its fair value gains from appraisal rights claims, and the results of such claims relative to the marks.",
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      "text": "the cash flow statement cash outflows for Funding of investments, and the sale of securities should increase the Proceeds from investments. The net effect is to once again obscure core litigation financing performance. This result also supports our view that Burford emphasizes quantity over quality in making investments: the dicta—if not the fact of summary judgment—in the court's decision indicates that it believed it was obvious Burford was not entitled to appraisal rights, given the timing of its share purchases. (Moreover, the decision hints that it might order Burford to pay attorney's fees to Perry Ellis.)",
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