header-logo header-logo

NLJ this week: Could representative actions be a funding gamechanger for investor protection claims?

08 November 2024
Issue: 8093 / Categories: Legal News , Class actions
printer mail-detail
196001
Representative actions have serious potential for multi-party claims in investor and securities issues, as Elaina Bailes, LSLA committee member and partner, Stewarts, and Tom Otter, senior associate, Stewarts, explain in this week’s NLJ 

The authors write: ‘If parties have the “same interest in a claim” then a claim can proceed via a class representative with judgment binding the affected class. However, for some time the case law moved away from a practical interpretation of what constituted “same interest” to it becoming a very high bar which few groups of claimants could meet.’

This could change, with beneficial outcomes for investor protection or securities claims. Bailes and Otter explain what representative actions are, and how they could assist investors in obtaining redress in otherwise unrealistic cases. They note that a key Court of Appeal judgment in this area is expected next year.

Finally, is it time to reform the rules to improve case management in such claims? 

MOVERS & SHAKERS

Birketts—trainee cohort

Birketts—trainee cohort

Firm welcomes new cohort of 29 trainee solicitors for 2025

Keoghs—four appointments

Keoghs—four appointments

Four partner hires expand legal expertise in Scotland and Northern Ireland

Brabners—Ben Lamb

Brabners—Ben Lamb

Real estate team in Yorkshire welcomes new partner

NEWS
Robert Taylor of 360 Law Services warns in this week's NLJ that adoption of artificial intelligence (AI) risks entrenching disadvantage for SME law firms, unless tools are tailored to their needs
From oligarchs to cosmetic clinics, strategic lawsuits against public participation (SLAPPs) target journalists, activists and ordinary citizens with intimidating legal tactics. Writing in NLJ this week, Sadie Whittam of Lancaster University explores the weaponisation of litigation to silence critics
Delays and dysfunction continue to mount in the county court, as revealed in a scathing Justice Committee report and under discussion this week by NLJ columnist Professor Dominic Regan of City Law School. Bulk claims—especially from private parking firms—are overwhelming the system, with 8,000 cases filed weekly
Writing in NLJ this week, Thomas Rothwell and Kavish Shah of Falcon Chambers unpack the surprise inclusion of a ban on upwards-only rent reviews in the English Devolution and Community Empowerment Bill
Charles Pigott of Mills & Reeve charts the turbulent progress of the Employment Rights Bill through the House of Lords, in this week's NLJ
back-to-top-scroll