Recent Developments In Global Securities Litigation
Europeans remain skeptical that U.S.-style class actions will take hold in Europe.
Elements that support the U.S. model, including contingency fee arrangements, the absence of the “loser-pays” deterrent, and the use of “opt-out” class membership, conflict with European jurisprudence.
Nevertheless, there is widespread expectation in Europe that avenues for group litigation will inevitably increase during the next decade.
This expectation is fueled by the groundbreaking Royal Dutch Shell class settlement, legislative developments in the area, the developing market for third-party funding of...
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