MSP Recovery Inc.'s subsidiary, MSP Recovery, LLC, is currently involved in the Menendez Litigation, where a jury returned a verdict finding the subsidiary liable for breach of an alleged oral contract. The jury awarded the plaintiffs approximately $12.7 million in damages against MSP Recovery, LLC. Despite the verdict, the subsidiary, along with MSP Recovery, Inc., has plans to pursue post-trial relief, including potential appeals. The outcome of this litigation remains uncertain, and the verdict has contributed to concerns about the financial stability of MSP Recovery Inc. and its ability to secure additional capital.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MSP Recovery Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001802450-25-000042), on August 26, 2025, and is solely responsible for the information contained therein.