MSP Recovery secured a potential $55 million term loan facility with an undisclosed investor, aimed at providing working capital and supporting future growth through potential claim rights acquisitions.

The Maryland Supreme Court upheld the validity of Medicare recovery assignments for MSP Recovery, rejecting GEICO's arguments about litigation assignments. The ruling allows MSP Recovery to pursue over $1 billion in unpaid Medicare reimbursements under the Medicare Secondary Payer Act.

MSP Recovery Law Firm has filed a defamation lawsuit against the Miami Herald, McClatchy Company, and reporters Jay Weaver and Ben Weider for publishing false and misleading statements that resulted in over $5 billion in losses for the company and its CEO, John H. Ruiz.

U.S. stock futures are expected to open lower on Friday as volatility persists ahead of bank earnings. The Federal Reserve is likely to cut interest rates again on June 18th, according to an expert.

CORAL GABLES, Fla., Jan. 03, 2023 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. D/B/A LifeWallet (“LifeWallet”, or “the Company”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced the Company will commence trading of its common stock today, January 3, 2023 at 9:30 AM ET, under ...