As I have noted in prior posts (most recently here), one of the more interesting and noteworthy developments in recent years has been the rise of collective investor actions outside the United States. A recent white paper published by Allianz Global Corporate & Specialty SE in collaboration with the Clyde & Co law firm entitled “Collective Actions and Litigation Funding and the Impact on Securities Claims: A Global Snapshot” takes a detailed look at the spread and development of collective investor actions – including, in at least some jurisdictions, securities class actions – against corporations and their directors and officers and the interrelation between this development and litigation funding. The report also includes a detailed picture of the status of collective actions and litigation funding in 28 different countries. The white paper can be found here.
Continue Reading A “Snapshot” of the Global Rise of Collective Investor Actions