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Class actions “set to grow”, says senior commercial litigator

Data 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.

July 31st, 2018 | 1 Comment »

Class actions do have deterrent effect, academic finds

Class 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”.

August 31st, 2017 | No Comments »

Litigation funders: Consumer Rights Act class actions could have “far-reaching consequences”

Litigation 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.

October 1st, 2015 | No Comments »

Juridica set for dividend payout after making £23m profit from four cases

Third-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.

August 15th, 2012 | Comments Off on Juridica set for dividend payout after making £23m profit from four cases

Warning over third-party funders fuelling new "litigation industry"

Businesses 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.

July 25th, 2012 | Comments Off on Warning over third-party funders fuelling new "litigation industry"