Tag Results
Class actions “set to grow”, says senior commercial litigator
Tuesday, 31 July 2018Data and privacy class action claims are likely to expand in future, with litigation funders attracted by lucrative returns driving the industry, according to a senior City disputes lawyer. There have already been several “very high-profile claims” recently relating to shareholder and competition claims.
Tags: class actions
Posted in News, Third party
Class actions do have deterrent effect, academic finds
Thursday, 31 August 2017Class actions do have a deterrent effect in reducing corporate misbehaviour, a US academic has found. Professor Brian T Fitzpatrick said some critics claimed that the theory of deterrence could not be applied to class actions. He said academic studies were “unanimous” in finding that “the threat of a lawsuit deters misconduct”.
Tags: class actions, group actions
Posted in News
Litigation funders: Consumer Rights Act class actions could have “far-reaching consequences”
Thursday, 1 October 2015Litigation funders are predicting far-reaching changes following the introduction of the Consumer Rights Act which comes into force today, particularly as a consequence of the collective redress regime that it ushers in.
Tags: class actions, Consumer Rights Act, litigation funders
Posted in Latest news, News
Juridica set for dividend payout after making £23m profit from four cases
Wednesday, 15 August 2012Third-party funder Juridica has made a £23m profit on four separate cases that have partially settled, it announced yesterday. It represents 20% of the capital raised by the company, and it is set to issue an interim dividend as a result.
Tags: class actions, Litigation Funding
Posted in News, Third party
Warning over third-party funders fuelling new "litigation industry"
Wednesday, 25 July 2012Businesses have warned the government that allowing ‘opt-out’ class actions in competition law will spark “a new litigation industry based on funding and pursuing” such cases, as well as introducing a US-style culture.
Tags: class actions, competition law, opt-out, third-party funding
Posted in ADR, News, Third party