One likely scenario is, Burford and the litigators didn't believe it had a hope in hell of winning, and was prepared to take whatever settlement could be got.
Why throw good money after bad?
If there was a high expectation of winning, then like a dog with a bone, you would persist, right?
The bad news is, Burford will take their undisclosed fee (read as: embarrassingly large, so SDL cannot reveal that), then probably the noteholders get whatever is left over.
Maybe invest in the bloodsuckers that take advantage of companies in distress?
Latest update on proceedings, page-7
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