The Global Rise in Collective Investor Actions
The most important recent developments in the D&O claims arena have been the rise of collective investor actions outside of the U.S.
In a September 19, 2016 post on the CLS Blue Sky Blog entitled “The Globalization of Securities Litigation”, Professor Coffee details how entrepreneurial U.S.-based plaintiffs’ law firms have managed to circumvent apparent local obstacles and succeed in pursuing collective investor actions even in otherwise inhospitable legal environments.
In the article, Professor Coffee notes that major securities class actions have recently settled in the Netherlands and Japan for near record amounts. He also notes that though there are many procedural barriers to securities class action litigation (absence of contingency fees; loser pays litigation model; absence of opt-out class action model), efforts led by traditional U.S.-based plaintiffs’ law firms have facilitated the development of what he calls a “synthetic class action.”
To read the full article, visit The CLS Blue Sky Blog – The Globalization of Securities Litigation
Original article source The D&O Diary: The Global Rise in Collective Investor Actions