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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”.
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.
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.
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.
