We believe inequality does not result in inequity. We created a standardized underwriting system for efficiently and effectively aiding our clients.
New York, NY (PRWEB) June 08, 2017
Therium Inc. has announced the acquisition of New York-based New Chapter Capital, Inc. lead by prominent divorce specialist Nicole Noonan, Esq. (formerly Novitas US, Inc.,) a specialist matrimonial litigation finance provider.
New Chapter Capital, Inc., is the leader in matrimonial funding in the United States. Chief Executive Officer Nicole Noonan said: “New Chapter Capital will provide innovative and cost-effective solutions for individuals engaged in divorce proceedings in the United States. New Chapter Capital, Inc. empowers individuals to hire highly qualified attorneys and pays for expert fees, as well as personal living expenses.” Both companies anticipate strong growth in the legal funding sector where strains during a divorce are becoming an increasing impediment to accessing legal services during marital dissolutions.
“We believe inequality does not result in inequity. We created a standardized underwriting system for efficiently and effectively aiding our clients,” added Ms. Noonan, CEO of New Chapter Capital.
“We are delighted to be the largest divorce litigation finance firm in North America. Ms. Noonan is a highly regarded matrimonial lawyer and finance specialist who has pioneered divorce funding in the United States. We are very pleased that New Chapter Capital, Inc. has joined the Therium team.” John Byrne, Co-Founder and CEO of Therium, said.
Prior to being named CEO of New Chapter, Inc., Noonan was the CEO of Novitas US. Ms. Noonan is recognized divorce issues expert and has been featured on Bloomberg, ABC's Good Morning America, CBS's The Couch, The New York Times, Forbes, The New York Post and The Daily Mail. Ms. Noonan boasts an impressive background as a matrimonial attorney. She previously worked for Judge Douglas M. Fasciale of the Appellate Division of the State of New Jersey, Budd Larner and Cutler, Simeone, Townsend, Tomaio and Newmark. “I look forward to growing a North American footprint for New Chapter Capital,” said Ms. Noonan.
About New Chapter Capital:
NCC provides financial solutions that allow clients to move forward with their divorce process. The company was created to meet a growing demand for people struggling to fund their legal disputes and thus unable to secure the legal support they needed. The needed cash flow enables individuals to reach a just settlement rather than accepting less than what they are entitled. The NCC business model is customized for each unique monetary situation divorcee’s face.
Founded in London and Isle of Jersey, UK Therium is one of the most established global litigation financing firms, with a market-leading track record of generating superior returns for its investors. In April 2015, Therium secured $300 million to invest in commercial litigation financing, the largest ever single investment in the litigation-funding sector, globally. In April 2016, Therium became the first European litigation finance company to launch a full service business in North America, Therium Inc., which is headquartered in New York. In June 2016, Therium was the first company to launch a litigation funding business in Scandinavia with the establishment of Therium Nordic AS in Oslo.