“Could the UK be on the brink of a US-style class action explosion?”
28th Jan 2019
City A.M. reports that a group “canny claimant lawyers looking for the next big case to bring and litigation funders with full coffers ready to back them” may bring an unprecedented surge in class action litigation in the United Kingdom.
Defense lawyer Mark Molyneux of the Addleshaw Goddard law firm said lawyers “are trying different angles” to bring new types of lawsuits, like competition law-based lawsuits. Securities litigation has also become more commonplace in Europe after U.S. courts stopped allowing investors from other countries to join American securities lawsuits. This type of litigation has reached all-time highs in the U.S.
Third party litigation funding is having a significant effect on new litigation trends in the U.K. “[W]with the amount of litigation funding available,” Molyneux says, “people are out there looking for cases and for claims that they can take to potential claimant groups.”