header-logo header-logo

Securities litigation: where are we now?

194047
Compared to other jurisdictions, the UK has been slow to develop a route map for commencing & managing securities claims. Christian Tuddenham & Clare Hennessey explain why
  • An overview of the claims that can be brought by disgruntled investors under the Financial Services and Markets Act 2000.
  • The current status of jurisprudence and procedure in relation to these claims and future claims.

Securities litigation generally refers to claims brought by shareholders against listed companies, seeking to recover losses suffered due to a fall in the price of their shares, usually in the wake of allegations of mismanagement or wrongdoing and often against a backdrop of regulatory action.

These kinds of claims are seen relatively frequently in other jurisdictions including, notably, the US and Australia, but despite the availability of statutory redress, they have been slower to take off in the UK.

What claims can be brought?

The primary mechanism for claims in respect of publicly traded securities is statutory—pursuant to ss 90 and 90A of and

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Mourant—Stephen Alexander

Mourant—Stephen Alexander

Jersey litigation lead appointed to global STEP Council

mfg Solicitors—nine trainees

mfg Solicitors—nine trainees

Firm invests in future talent with new training cohort

360 Law Group—Anthony Gahan

360 Law Group—Anthony Gahan

Investment banking veteran appointed as chairman to drive global growth

NEWS
Charlie Mercer and Astrid Gillam of Stewarts crunch the numbers on civil fraud claims in the English courts, in this week's NLJ. New data shows civil fraud claims rising steadily since 2014, with the King’s Bench Division overtaking the Commercial Court as the forum of choice for lower-value disputes
Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
In this week's NLJ, Steven Ball of Red Lion Chambers unpacks how advances in forensic science finally unmasked Ryland Headley, jailed in 2025 for the 1967 rape and murder of 75-year-old Louisa Dunne. Preserved swabs and palm prints lay dormant for decades until DNA-17 profiling produced a billion-to-one match
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
Small law firms want to embrace technology but feel lost in a maze of jargon, costs and compliance fears, writes Aisling O’Connell of the Solicitors Regulation Authority in this week's NLJ
back-to-top-scroll